{"id":1004678450,"date":"2023-09-18T05:29:55","date_gmt":"2023-09-18T13:29:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004678450"},"modified":"2024-02-14T05:00:16","modified_gmt":"2024-02-14T13:00:16","slug":"top-markets-for-industrial-deliveries-in-h1-2023","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-markets-for-industrial-deliveries-in-h1-2023\/","title":{"rendered":"Top Markets for Industrial Deliveries in H1 2023"},"content":{"rendered":"
\"commercialsearch<\/a>

Last June, Walmart completed its largest-ever fulfillment center, a 2.2 million-square-foot asset in McCordsville, Ind. Image courtesy of Walmart<\/em><\/p><\/div>\n

In the face of numerous challenges<\/a>, the industrial sector not only survived but thrived in the first half of 2023, surpassing initial expectations. This success was driven by a significant surge in demand, fueled by factors such as the ongoing growth of e-commerce and increased manufacturing activities<\/a>. Furthermore, reshoring or nearshoring efforts amplified this effect as companies sought to secure supply chains and reduce reliance on foreign sources.<\/p>\n

On a national level,\u00a0some 262.3 million square feet\u00a0of industrial space was completed in the first half of the year, CommercialEdge<\/em> data shows. Industrial deliveries were up 28.6 percent when compared to the first half of 2022, when 204 million square feet of industrial space came online. Meanwhile, deliveries recorded a 61.2 percent uptick from the same timeframe in 2021, when 162.7 million square feet was added to stock.<\/p>\n

The list below highlights the top markets for industrial deliveries in the first half of 2023 based on the total square footage added to the inventory. The five most active markets across the county accounted for almost 27.4 percent of all the new stock.<\/p>\n