Key Trends:
- JLL’s Industrial Tenant Demand Study report projects future manufacturing demand requirements to account for over 18.8% of the total, marking a 354% increase since 2018.Growth appears to be concentrated in major markets, driven by land, power, labor, and advanced manufacturing needs.
- The U.S.manufacturing sector is characterized by aging infrastructure, with over 52% of inventory being 30-60 years old.However, there's a growing demand for modern facilities that can support advanced manufacturing processes and meet sustainability standard.
- Manufacturing growth driven by legislation, technology, and infrastructure needs.Challenges include power, labor, and sustainability. Opportunities in tech adoption, international expansion, and sustainable practices offer competitive edge.