There is great competition with manufacturers when looking to locate operations. Those competitive factors include talent, support services, shipping services, and real estate. Josh Bays, with Site Selection Group, has posted an article entitled “2019 Industrial Real Estate Outlook for Manufacturers”. He shares the typical real estate profile for a manufacturing project and indicates the difference between industrial real estate needs for production versus those needs for distribution. The infrastructure for a building used for production will have different characteristics from those used for distribution and warehousing.
Bays goes on to indicate that within the last 10 years in the U.S, many companies have made acquisitions and will look to optimize their growth by using strategies to consolidate.