JLL’s Industrial Tenant Demand Study report projects future manufacturing demand requirements to account for over 18.8% of the total, marking a 354% increase since 2018. Growth appears to be concentrated in major markets, driven by land, power, labor, and advanced manufacturing needs.
The U.S. manufacturing sector is characterized by aging infrastructure, with over 52% of inventory being 30-60 years old. However, there's a growing demand for modern facilities that can support advanced manufacturing processes and meet sustainability standard.
Manufacturing growth driven by legislation, technology, and infrastructure needs. Challenges include power, labor, and sustainability. Opportunities in tech adoption, international expansion, and sustainable practices offer competitive edge.
Manufacturing real estate requirements have increased by an average of 50% year-over-year since 2020