JLL & NextGen: Manufacturing’s New Realities

In our last post with JLL, we noted manufacturing’s surge, fueled by disruptive tech, federal incentives, and national security imperatives.  One insight about this surge, according to JLL, is that the environment when selecting a factory site has changed in the last 2 years.  How?

According to JLL’s data, many of the best brownfield sites are now either snapped up or too costly to refurbish, steering manufacturers toward greenfield development.  In addition, lead time for power upgrades has increased in many parts of the country to now be more than 4 years.  Another change is that large local incentives may be an indication that the location will suffer chronic labor shortages (not that this is always the case but you need to look past the incentives and evaluate the long term fit).

See the graphic below for other insights and further description of each of these points.