This past week, Marcus & Millichap published a new report on BORDER-PROXIMATE INDUSTRIAL
As we talked about a few weeks ago on the podcast, there is growing demand for local manufacturing, or manufacturing located within the continent of the North America. Global tensions with China and Russia have disrupted trade relationships that were once considered stable.
A group of domestic and international companies are planning, or in the process of, nearshoring operations to North America. This reorganization of global supply chains is increasing cross-border trading, a dynamic that will serve as a tailwind for long-term demand for domestic industrial space. Trading with Mexico and Canada was up 12 percent and 9 percent year-over-year, respectively, in January, while trading with China was down 13 percent.
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Host: Victor Menasce
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