There are five multistory properties under construction right now with roughly 5.3M SF of industrial space combined that have no announced leases signed.
Warehouses keep getting larger, catering to retailers like Walmart Inc., The Home Depot Inc. and the biggest industrial user of them all, Amazon.com Inc., that these days frequently take down 1 million square feet or more in a single lease transaction. But while mammoth distribution hubs or sprawling manufacturing plants tend to be headline-grabbers, small