There are massive, and I mean massive, warehouses being built all along the I81 corridor in Maryland & PA, The majority of these, if not all of them, are sitting empty and unrented but more keep getting built! The County Commissioners in Wash Co MD said they couldn't do anything to stop these companies from building and were sued when they tried to stop it. Does anyone know what's going on with all of these empty warehouses?
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I think you are correct u/solarsavior
Industrial vacancy is extremely low, compared to office space. There is very high demand for industrial. Building on spec means it is ready to go when tenants need it.
Also, with inflation, the cost of construction keeps going up so it's better to build now, for less money, than waiting a year or more and having the cost of construction continue to go up.
good points. It is obvious retail is on the way out with all the looting, $20 hour workers. Looks like everything is going to be amazon.
Also the cost of debt/money... finance at a fixed rate now for a predictable, and you can always refinance if the rate drops...