We believe the industrial sector is well-positioned for strong rent growth in the coming years, driven by the ongoing boom in U.S. manufacturing. As more factories and assembly centers are onshored, we expect demand for industrial leasing to surge.
Between 2024 and 2028, Clarion Partners estimates 1 billion square feet of additional industrial space will be needed to meet demand. The need will be driven by several factors, including e-commerce growth, inventory stockpiling, and the replacement of outdated facilities with modern, more efficient spaces.
As onshoring continues and supply chains evolve, the industrial sector is set to play a pivotal role in the U.S. economy, making it an exciting area for investment and development.
If you are an RIA interested in exploring opportunities in real assets, including Industrial Real Estate, we welcome you to contact us today.