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Sign in Sign up for a FREE subscriptionIndustrial construction continues in most major U.S. markets
Despite economic disruptions caused by COVID-19, industrial construction is continuing in the majority of major U.S. markets, according to a new CBRE report.
CBRE’s analysis found that construction has been deemed “essential” in 16 of the top 20 markets with industrial properties under construction. Only the I-78/81 Corridor, Penn.; Philadelphia; Central New Jersey; and Oakland, Calif., have shut down industrial construction. However, in New Jersey and Pennsylvania, waivers can be granted distribution centers that will warehous