Bob FraserCFO & Macro Strategist | Data-Driven Investing Expert | Speaker & Author

Industrial boom: 400M sq ft in 8 metros. John Chang

Name: Industrial boom: 400M sq ft in 8 metros. John Chang
Uploaded: 2024-01-04T21:54:19+00:00
Duration: 35 s
Channel: Bob Fraser
Description: In this brief presentation, the speaker outlines a significant wave of industrial real‑estate development, with approximately 400 million square feet…

4 Jan 2024 · 1 min

Watch on YouTube

0:35

In this brief presentation, the speaker outlines a significant wave of industrial real‑estate development, with approximately 400 million square feet slated to come online in the current year. He anticipates a modest slowdown in new construction next year, followed by a more pronounced drop in 2025. Notably, about half of the new industrial space is being added in just eight metropolitan areas—Chicago, Dallas, Houston, Atlanta, Phoenix, and the Inland Empire—raising concerns about potential over‑development in infill markets within those regions.

Chapters

Industrial, you still have a wave of development that's in process, 400 million square feet coming online this year. I expect that next year it may come down a little bit, and then in '25 we see the pace of construction really drop off. But right now there are some markets that have a lot of development. I think about half of the total square footage being added is in 8 metros. That's like Chicago, Dallas, Houston, Atlanta, Phoenix, Inland Empire. So there are areas where you can get overdeveloped infill industrial. It looks great.