The 2022 US Industrial & Logistics Occupier Survey by CBRE highlights that occupiers are still expanding their real estate footprints despite economic uncertainty, labor shortages, and supply chain disruptions. The Southeast, Southwest, and Midwest regions are the most preferred locations due to occupancy cost, lease options, skilled labor shortages, rent and mode, and transportation. Third-Party Logistics providers are leading the market, and building design, cost escalations, and infrastructure quality are the top challenges. Clear height, number of dock doors, power supply, expansion for employees, and automation are the most common approaches to gaining traction in net zero goals. The use of LED lighting and alternative energies, such as solar panels, is also gaining traction. While the secular drivers of demand endure, uncertainty about the economic outlook, labor markets, and supply chains remains a concern.
