Premium Only Content
Backlash against warehouse construction is growing.
Americans have grown accustomed to ordering almost everything online and having it arrive with days or even hours. We were all stuck at home during covid with stimulus checks and/or large unemployment checks. Like most of you, I ordered stuff online.
Online shopping requires warehouses and the 18-wheel trucks that service them. Giant warehouses feed e-commerce and other businesses. Part of the inflation we need today is the result of too many dollars chasing too few goods. What was required was a more robust industrial system which includes additional warehouses. You may have noticed around you, an explosion in warehouse construction. I am near O’hare Airport in Chicago and the warehouses were going up left and right.
This spurred a surge in industrial construction that outpaced any other commercial property type. Since 2020, over 1.5 billion square feet of warehouse space has been built and an additional 825 square feet is under development according to CoStar Group Inc. The industrial sector is the top performer in the commercial property sector. Rents for industrial properties have risen 40% nationwide over the past two years.
Many people do not want additional warehouses in their areas and the number of these people are growing as the effects of warehouse operations are felt in local communities. These warehouses are serviced by round the clock truck traffic that can become a nuisance due to sound and exhaust fumes. In addition, 18 wheel trucks clog up traffic. How often do you switch lanes when you see a huge truck up ahead at a stop light? Did you ever notice how rough the road is near intersections? This is from the trucks being stopped at lights and putting weight on the road. Municipalities from California to Ohio to Georgia have started passing moratoriums on warehouse development.
Warehouse development has fallen in recent months because of increasing interest rates that make financing more expensive and slows down economic growth.
Works Cited:
https://www.wsj.com/articles/rapid-warehouse-growth-sparks-local-resident-backlash-across-the-u-s-53502618?mod=hp_major_pos2#cxrecs_s
-
4:21
The Last Capitalist in Chicago
1 year agoWhat is the Hume-Cantillon Effect?
2271 -
LIVE
GoodLawgic
2 hours agoThe Following Program: GREAT Lawgic Joins To Discuss Domestic Terrorism in 2025
1,489 watching -
1:05:48
Mikhaila Peterson
5 days agoDoctor On The Carnivore Diet and Fertility | Robert Kiltz EP 218
17.8K19 -
2:46:06
DDayCobra
4 hours ago $5.48 earnedCobraCast 199
31.1K1 -
2:07:27
TheSaltyCracker
4 hours agoTrump Tower Bombed w/ Cybertruck ReeEEeE Stream 01-01-25
120K232 -
LIVE
FreshandFit
10 hours agoTerrorist Attack In New Orleans And Elon Musk's Mass Censorship On X!
10,437 watching -
2:25:43
Darkhorse Podcast
11 hours agoLooking Back and Looking Forward: The 258 Evolutionary Lens with Bret Weinstein and Heather Heying
119K197 -
5:50:16
Pepkilla
10 hours agoRanked Warzone ~ Are we getting to platinum today or waaa
81.1K7 -
LIVE
BrancoFXDC
8 hours ago $5.67 earnedHAPPY NEW YEARS - Road to Platinum - Ranked Warzone
835 watching -
5:53
SLS - Street League Skateboarding
5 days agoBraden Hoban’s San Diego Roots & Hometown Win | Kona Big Wave “Beyond The Ride” Part 2
85.7K13