DENVER (April 23, 2021) – As the industrial market landscape evolves, Catamount Constructors, Inc., a 100% employee-owned ENR Top 400 General Contractor, stands at the forefront, of the booming demand for industrial space. Subsequently, from warehouses to cold storage and last-mile distribution, the industrial market has proven resilient and lucrative, outperforming other commercial real estate sectors. The ongoing growth, fueled by the shifts in consumer behavior, underscores the vital role of this sector in today’s economy. With relatively short development timelines and lower re-tenanting costs, Catamount is prepared for the increasing needs of clients across the nation.
The National Retail Federation predicts U.S. retail sales will grow between 6.5% and 8.2% in 2021 (2). E-commerce sales are expected to grow from $602 million in 2019 to $1.5 trillion in 2025, which results in a 1 billion square foot incremental demand for industrial space and 100 million square feet of incremental demand for refrigerated/freezer space (1).
With $2 trillion in pent-up demand from Americans’ personal savings; retail, entertainment, and travel spending are expected to see a “surge in demand” (1). Some anticipate “the fastest growth rate in GDP since 1984,” and retail and food service sales reaching the “fastest calendar-year growth rate since demobilization at the end of World War II in 1946” (2).
To meet this increased demand, Catamount has increased our focus on delivering excellence in the changing industrial market. Catamount Constructors are poised to COMMIT. RESPOND. DELIVER. and REPEAT for our clients and prospective clients. Learn more about our industrial experience and get in touch here.
