The Logistics Managers’ Index, released Tuesday, advanced for a third straight month in March, reaching 76.2 from 75.2 in February.
Industrial space availability is extremely tight. Tenants in many markets are willing to pay premiums for their leases.
So far, the higher prices have not inspired U.S. energy companies to add more jobs or office space because of the uncertainty of the situation.
San Francisco’s Board of Supervisors voted 10-0 on Tuesday to approve a measure that brings an 18-month halt to new parcel delivery services in the city.
Lingering supply chain issues from the pandemic, plus the war in Ukraine might continue to impact industrial construction for a while.
In particular, the firm has a strong focus on acquiring apartment buildings, logistics facilities and life science properties.