5. Memphis, Tenn.<\/strong><\/h2>\n![\"\"](\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Marina-Commerce-Center.-Image-courtesy-of-Hillwood.jpg\")
<\/a>Marina Commerce Center. Image courtesy of Hillwood<\/i><\/p><\/div>\n
Boasting low costs and an abundance of open land, Memphis, Tenn., took the fifth spot on our list, with 17 industrial projects under construction totaling 12.2 million square feet. More than half of the square footage underway\u201456.2 percent\u2014was in DeSoto County, just south of the city, which has long been a draw for developers. Since 2018, nearly 7.1 million square feet has delivered in the submarket.<\/p>\n
The largest project underway was Hillwood\u2019s 1.1 million-square-foot Marina Commerce Center, located at 10480 Marina Drive in Olive Branch, Miss. The speculative distribution center broke ground last fall and is slated for delivery in late 2021. Colliers is marketing the cross-dock development, which will include 196 loading docks, 185-foot truck courts and minimum clear heights of 40 feet.<\/p>\n
4. Inland Empire<\/strong><\/h2>\n![\"\"](\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/OntarioRanchUlinesite-e1586943932757.jpg\")
<\/a>Ontario Ranch Logistics Center. Image courtesy of REDA and Clarion Partners<\/i><\/p><\/div>\n
Overwhelming industrial demand in the Inland Empire continues to drive rents higher and higher, up 8.2 percent for the 12 months ending in March. As a result, despite some land availability constraints, development continues at full speed, with 74 projects comprising 15.7 million square feet underway.<\/p>\n
The second building at Real Estate Development Associates and Clarion Partners\u2019 Ontario Ranch Logistics Center in Ontario, Calif., is the largest development underway in the market. The 1.2 million-square-foot facility<\/a> is a build-to-suit project for Uline, which signed its lease last spring. The property, located on 48 acres at 4810 S. Hellman Ave., is scheduled to wrap up in early 2022.<\/p>\n3. Phoenix<\/strong><\/h2>\n![\"\"](\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Amazon-fulfillment-center.-Image-courtesy-of-Amazon-e1603888735660.jpg\")
<\/a>Amazon fulfillment center. Image courtesy of Amazon<\/i><\/p><\/div>\n
Phoenix has been home to a major industrial expansion in recent years. Last year alone, nearly 13 million square feet delivered, with close to an additional 5 million completed in the first three months of 2021. Developers had 16.4 million square feet under construction in mid-April, owing to\u2014among other factors\u2014the market\u2019s cost advantage over Southern California and its location being a day\u2019s drive from the Port of Los Angeles.<\/p>\n
Amazon\u2019s 2.3 million-square-foot robotics-assisted facility in Goodyear, Ariz., was the largest project under construction in mid-April. Construction on the four-story structure began in July 2020, and work is expected to finish in early summer. The development is one of many the e-commerce giant is undertaking across the country: Amazon is either the owner or sole tenant in nearly half of all developments<\/a> of more than 1 million square feet underway.<\/p>\n2. Houston<\/strong><\/h2>\n
![\"\"](\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Marina-Commerce-Center.-Image-courtesy-of-Hillwood-1.jpg\")
<\/a>Marina Commerce Center. Image courtesy of Hillwood<\/i><\/p><\/div>\n
Boasting low costs and an abundance of open land, Memphis, Tenn., took the fifth spot on our list, with 17 industrial projects under construction totaling 12.2 million square feet. More than half of the square footage underway\u201456.2 percent\u2014was in DeSoto County, just south of the city, which has long been a draw for developers. Since 2018, nearly 7.1 million square feet has delivered in the submarket.<\/p>\n
The largest project underway was Hillwood\u2019s 1.1 million-square-foot Marina Commerce Center, located at 10480 Marina Drive in Olive Branch, Miss. The speculative distribution center broke ground last fall and is slated for delivery in late 2021. Colliers is marketing the cross-dock development, which will include 196 loading docks, 185-foot truck courts and minimum clear heights of 40 feet.<\/p>\n
4. Inland Empire<\/strong><\/h2>\n<\/a>Ontario Ranch Logistics Center. Image courtesy of REDA and Clarion Partners<\/i><\/p><\/div>\n
Overwhelming industrial demand in the Inland Empire continues to drive rents higher and higher, up 8.2 percent for the 12 months ending in March. As a result, despite some land availability constraints, development continues at full speed, with 74 projects comprising 15.7 million square feet underway.<\/p>\n
The second building at Real Estate Development Associates and Clarion Partners\u2019 Ontario Ranch Logistics Center in Ontario, Calif., is the largest development underway in the market. The 1.2 million-square-foot facility<\/a> is a build-to-suit project for Uline, which signed its lease last spring. The property, located on 48 acres at 4810 S. Hellman Ave., is scheduled to wrap up in early 2022.<\/p>\n3. Phoenix<\/strong><\/h2>\n<\/a>Amazon fulfillment center. Image courtesy of Amazon<\/i><\/p><\/div>\n
Phoenix has been home to a major industrial expansion in recent years. Last year alone, nearly 13 million square feet delivered, with close to an additional 5 million completed in the first three months of 2021. Developers had 16.4 million square feet under construction in mid-April, owing to\u2014among other factors\u2014the market\u2019s cost advantage over Southern California and its location being a day\u2019s drive from the Port of Los Angeles.<\/p>\n
Amazon\u2019s 2.3 million-square-foot robotics-assisted facility in Goodyear, Ariz., was the largest project under construction in mid-April. Construction on the four-story structure began in July 2020, and work is expected to finish in early summer. The development is one of many the e-commerce giant is undertaking across the country: Amazon is either the owner or sole tenant in nearly half of all developments<\/a> of more than 1 million square feet underway.<\/p>\n2. Houston<\/strong><\/h2>\n
<\/a>Ontario Ranch Logistics Center. Image courtesy of REDA and Clarion Partners<\/i><\/p><\/div>\n
Overwhelming industrial demand in the Inland Empire continues to drive rents higher and higher, up 8.2 percent for the 12 months ending in March. As a result, despite some land availability constraints, development continues at full speed, with 74 projects comprising 15.7 million square feet underway.<\/p>\n
The second building at Real Estate Development Associates and Clarion Partners\u2019 Ontario Ranch Logistics Center in Ontario, Calif., is the largest development underway in the market. The 1.2 million-square-foot facility<\/a> is a build-to-suit project for Uline, which signed its lease last spring. The property, located on 48 acres at 4810 S. Hellman Ave., is scheduled to wrap up in early 2022.<\/p>\n Amazon fulfillment center. Image courtesy of Amazon<\/i><\/p><\/div>\n Phoenix has been home to a major industrial expansion in recent years. Last year alone, nearly 13 million square feet delivered, with close to an additional 5 million completed in the first three months of 2021. Developers had 16.4 million square feet under construction in mid-April, owing to\u2014among other factors\u2014the market\u2019s cost advantage over Southern California and its location being a day\u2019s drive from the Port of Los Angeles.<\/p>\n Amazon\u2019s 2.3 million-square-foot robotics-assisted facility in Goodyear, Ariz., was the largest project under construction in mid-April. Construction on the four-story structure began in July 2020, and work is expected to finish in early summer. The development is one of many the e-commerce giant is undertaking across the country: Amazon is either the owner or sole tenant in nearly half of all developments<\/a> of more than 1 million square feet underway.<\/p>\n3. Phoenix<\/strong><\/h2>\n
<\/a>2. Houston<\/strong><\/h2>\n