Published February 8, 2022
Experts predict the U.S. will need to add anywhere from 330 million to 1 billion square feet of warehouse space over the next few years, as companies look to expand their distribution networks to meet growing consumer demands. The increased industrial real estate demand, combined with ongoing labor shortages and extended construction and manufacturing lead times, is creating additional challenges for companies seeking out new facilities.
Site selection is often the most challenging and time-consuming part of the facility location planning process. With industrial real estate in such high demand, many companies may be tempted to jump straight into search and selection mode. While it’s vital to act fast to secure a desired property, it’s also important to have a proper strategy and design in place to ensure the facility is capable of meeting current and future operations requirements.