The surface area of construction starts for industrial buildings in the United States decreased sharply in late 2022 and 2023. However, it is expected to recover in 2024, as it is forecast that the construction of approximately 55 million square feet of industrial buildings will start in the last quarter of 2024.
Total area of construction starts for industrial buildings in the United States from 1st quarter 2021 to 3rd quarter 2023, with forecasts until 4th quarter 2024
(in million square feet)
Characteristic
Millions of square feet of industrial buildings started
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CBRE Group. (December 12, 2023). Total area of construction starts for industrial buildings in the United States from 1st quarter 2021 to 3rd quarter 2023, with forecasts until 4th quarter 2024 (in million square feet) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/660079/construction-starts-of-commercial-warehouse-buildings-in-the-us/
CBRE Group. "Total area of construction starts for industrial buildings in the United States from 1st quarter 2021 to 3rd quarter 2023, with forecasts until 4th quarter 2024 (in million square feet)." Chart. December 12, 2023. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/660079/construction-starts-of-commercial-warehouse-buildings-in-the-us/
CBRE Group. (2023). Total area of construction starts for industrial buildings in the United States from 1st quarter 2021 to 3rd quarter 2023, with forecasts until 4th quarter 2024 (in million square feet). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/660079/construction-starts-of-commercial-warehouse-buildings-in-the-us/
CBRE Group. "Total Area of Construction Starts for Industrial Buildings in The United States from 1st Quarter 2021 to 3rd Quarter 2023, with Forecasts until 4th Quarter 2024 (in Million Square Feet)." Statista, Statista Inc., 12 Dec 2023, https://www.statista.com/statistics/660079/construction-starts-of-commercial-warehouse-buildings-in-the-us/
CBRE Group, Total area of construction starts for industrial buildings in the United States from 1st quarter 2021 to 3rd quarter 2023, with forecasts until 4th quarter 2024 (in million square feet) Statista, https://www.statista.com/statistics/660079/construction-starts-of-commercial-warehouse-buildings-in-the-us/ (last visited November 23, 2024)
Total area of construction starts for industrial buildings in the United States from 1st quarter 2021 to 3rd quarter 2023, with forecasts until 4th quarter 2024 (in million square feet) [Graph], CBRE Group, December 12, 2023. [Online]. Available: https://www.statista.com/statistics/660079/construction-starts-of-commercial-warehouse-buildings-in-the-us/
