Creativity a must for new industrial sites
- Available industrial sites present challenges to developers; speed-to-market sites are a necessity
- The majority of sites currently under construction are already pre-leased
The Columbia industrial market is currently experiencing unprecedented demand for developable industrial land. The premier industrial sites are challenged because they are owned by the counties in which they are located. These county governances predicate sales upon job creation and capital investment benchmarks, which makes speculative development on these sites challenging. This pushes speculative developers to sites that lack existing utility infrastructure and proximity to the intersection of I-77 and I-26. These challenges have slowed the wave of speculative development that the Columbia market needs to alleviate unsatiated user demand.
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