2019: Demand Continues to Fuel Development
The San Joaquin County industrial market has continued to experience a healthy volume of activity and industrial development as we head into 2019. A total of just under 2.2 million square feet of industrial product was delivered during the fourth quarter, split between five separate developments. The year-to-date total for industrial development delivered during 2018 totaled 8.1 million square feet. While we shift into 2019, nearly 6.5 million square feet remains under construction and will be delivered throughout the year. In 2016, 2 million square feet of speculative space was developed and absorbed leaving no new product available for lease. During 2017, 3.5 million square feet of speculative space was developed and absorbed by year-end with no new product available. During 2018 we delivered close to 7.3 million square feet speculative and have absorbed approximately 46 percent of that
Would you like to have future reports delivered directly to your inbox? Sign-up to this and other regional e-mail delivery lists.