Demand Drivers Are Shifting the Industrial Development Pipeline

A robust national economy over the past 24 to 36 months has generated additional demand for goods and more consumer spending in the United States. This spending, however, has accelerated a shift away from many mid-level, traditional, brick-and-mortar retailers, even as some luxury and discount chains continue to thrive. As one estimate suggests that nearly two-thirds of all American households now have Amazon Prime – stunning market penetration for any single service – the distribution segment of the industrial market is experiencing a rapid rise in demand for space. E-commerce and evolving consumer buying habits are shaping developers’ priorities for the location, type, and size of new industrial construction.

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