By Craig Hurvitz
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.
Recent data showing a dramatic decline in warehouse construction starts has some in the sector worrying about a lack of first-generation industrial space due to limited development activity.
Indeed, the slowdown is noticeable. Total space under construction peaked at 638 million square feet in mid-2023 before falling 17% to 546 million square feet...