Hundreds of major advanced manufacturing facility announcements have been made across North America during the past three years, and the manufacturing development pipeline has already risen to a record high, with more growth to come. A snapshot of recent investments totaling a minimum of $100 million reveal approximately $400 billion in advanced manufacturing investments pledged, 210,000+ new jobs, and a minimum of 250 million square feet of new industrial projects – all to come between now and 2030.
This first installment of Newmark’s three-part series on advanced manufacturing in North America identifies macro factors catalyzing this growth, which industries are driving the most expansion, and where these projects are landing.
Manufacturing Momentum: Advanced Manufacturing Ascendancy in North America
Monumental growth in North American manufacturing is underway, with numerous implications for the industrial and logistics market.