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US Industrial Development Finally Catches Up With Tenant Demand

Leasing Remains Strong at New Buildings
Developer EQT Exeter completed construction earlier this year on its first building in a new distribution center complex in Hesperia, California. (CoStar)
Developer EQT Exeter completed construction earlier this year on its first building in a new distribution center complex in Hesperia, California. (CoStar)
CoStar Analytics
August 18, 2022 | 10:23 P.M.

Last year, developers completed a bumper crop of new industrial property tallying 475 million square feet across the U.S. covering a combined land area the size of Boston. This building boom resulted in the most new industrial space completed in a single year in more than two decades.

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