COVID had a profound impact on industrial development in 2020 and 2021 as consumers shifted to shopping online and retailers scrambled to meet demand. Logistics partners re-designed supply chains to more efficiently serve customers, driving demand for more industrial and logistics space.
In the Triangle, rents grew as much as 20% year over year.
Those good times are showing signs of levelling off as the industry and its investors adjust to higher land costs, higher interest rates, and uncertainty…
