Based on provisional estimates, up to 592.5 million square feet of industrial space is currently under construction nationally. With development gearing up and demand high, 2022 is shaping up to be the strongest year yet for industrial development.<\/p>\n
Using property data provided by Yardi Research Data, we analyzed how much industrial space we could expect to be added to the top markets in the U.S. this year. Notably, Dallas-Fort Worth stood out as the market with the most industrial space under construction for the second year in a row, while Amazon once again dominated the list of largest industrial properties scheduled for completion in 2022.<\/p>\n
With 38 million square feet of industrial space scheduled to hit the market this year, Dallas-Fort Worth claimed the title of the industrial market with the largest projected expansion for the second year in a row<\/a>.<\/p>\n Here, the strong supply currently underway was preceded by a decade-long upward trend in development. Specifically, more than 208 million square feet of industrial space<\/a> was added to the Metroplex’s inventory in the last 10 years. In addition to being a major logistical hub of the South, DFW has also benefited from a booming high-tech manufacturing sector \u2014 and the accelerated pace of industrial development in the metro reflects that.<\/p>\n