Dive summary:
- In recent decades, U.S. manufacturers frequently found that making good overseas helped their bottom lines, which in turn reduced the domestic space they needed to build to expand their businesses.
- Rising wages in foreign countries, especially in China, along with higher transportation costs, have sapped the attractiveness of off-shoring U.S. jobs.
- Experts expect returning work to drive up the demand for industrial space, though they warn that will not be the major force affecting a manufacturing recovery in the U.S.
From the article:
Manufacturing activity and industrial employment are projected to grow in the United States over the next 10 years, according to a recent forward-looking study of corporate workplace and real estate trends, resulting in a moderate recovery of the national industrial sector. ...
