This week we have looked at three Markets in the top twenty five Markets with the least square footage of development.
Three of the top 25 markets stand out as having the least square footage of development. San Diego-Carlsbad, CA which has 1,942,971 square feet of development between 21 facilities, and is expected to see a 9.9% increase in its total supply once all its development projects complete.
Nashville-Davidson--Murfreesboro--Franklin, TN has 2,002,345 square feet of development between 36 facilities in the pipeline and is expected to have a 12.76% increase in its total supply once all its development projects are completed.
Providence-Warwick, RI-MA has 1,832,626 square feet of development between 25 facilities in the pipeline and is expected to have a 29.07%% increase in its total supply once all its development projects are completed.
While out of the top 25 Markets, these three CBSA’s had the lowest square footage of development projects, it is important to note that they are still increasing their overall supply by a considerable margin. I am excited to see how these markets develop and continue to grow.
Data sourced from the Radius+ Insider Page
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