The industrial sector is expected to maintain momentum in the foreseeable future, owing to rising demand for industrial goods and services in various sectors. Moreover, approximately 742.3 million square feet of industrial space was under construction as of the end of November.
Despite workforce shortages, supply chain issues, and skyrocketing inflation, industrial production grew 2.5% year-over-year in November. Furthermore, increasing government spending is accelerating the industry’s expansion. The Bipartisan Infrastructure Law has already provided over $185 billion for more than 6,900 projects.
