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These Three US Postal Codes Have the Most Available Industrial Space Under Construction

Areas in America’s Southwest Lead the Nation in This Type of Speculative Building
Amazon’s 1.2 million-square-foot operation at the Elliot 202 warehouse, pictured here under construction in 2021, is the largest distribution center in southeastern Phoenix. (CoStar)
Amazon’s 1.2 million-square-foot operation at the Elliot 202 warehouse, pictured here under construction in 2021, is the largest distribution center in southeastern Phoenix. (CoStar)
CoStar Analytics
November 29, 2023 | 6:13 P.M.

The total square footage of U.S. industrial properties under construction dropped almost 30% over the past 12 months, curbed partly by increased caution among construction lenders and higher interest rates for development loans.

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News | These Three US Postal Codes Have the Most Available Industrial Space Under Construction