Inflation and the higher interest rates accompanying it have finally begun to curtail the largest commercial real estate construction boom by square footage recorded for any property type in the U.S. since the 1980s.
US Industrial Development Starts Plunge by 40% in Fourth Quarter
Pullback in Construction Raises Likelihood of Distribution Space Shortages Returning
CoStar Analytics
January 9, 2023 | 6:44 P.M.
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- Companies
- Prologis, Inc.
Real Estate