Why Small-Box Industrial Isn’t Getting Built
It is undeniable that industrial development is focused on large warehouse and distribution facilities. While there is strong demand for these larger spaces, there continues to be significant demand for manufacturing uses. Development for small-box facilities—which manufacturing users generally need—is stunted not because of low demand but because of development costs. Industrial developer CT recently delivered the four small-box industrial properties to the market, and sold all of them to owner-users at above target pricing.