December 16, 2015 Comments Off on Panama Canal Expansion, E-Commerce and Global Investment Push 2016 Industrial Growth Views: 400 California News, Inland Empire

Panama Canal Expansion, E-Commerce and Global Investment Push 2016 Industrial Growth

Inland Empire industrial growth is going to increase next year, along with other major distribution hubs across the nation, according to a recent JLL report.

As e-commerce and consumer desire for same-day and even same-hour delivery skyrocket, demand for urban facilities follows suit. Additionally, global investment, amounting for $11.5 billion in total investment at the end of Q3 2015, has left a huge footprint in the race for industrial capital in the nation. The Panama Canal’s nearly complete expansion will also drive the demand in the industrial sector as it calls for even more efficient distribution centers.

Craig Meyer, president of industrial brokerage for JLL Americas, said that demand will outpace supply, and vacancy rates will be very tight in the Inland Empire, and in other areas. Due to the high competition, several developments are being pre-leased, especially by foreign investors, before ground is even broken.

Read JLL’s Industrial Outlook

Read More at AJOT.com

Connect With JLL’s Meyer

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , , , , , ,

Comments are closed.