Economy

dutch777

(3,812 posts)

1. I wonder how much of this is speculative vs. actual companies building plants for their operations?

Sat Dec 2, 2023, 08:27 PM

Dec 2023

Our area in eastern PA has seen a number of speculative warehouse builds that sit now "For Lease" with no takers. Amazon has decreased number of warehouse operations and others have consolidated. There are older plants here that are 1/2 or more empty with space for lease that also does not seem of interest to anyone. I totally support reshoring manufacturing operations and returning good paying jobs to our local economies but I also know developers and equity finance operations also get all competitive and race to market with new builds with half of them getting stuck with no takers for what they built. And the banks that financed them get stuck in the end and with commercial office space already a problem for regional banks I hope this isn't another bad investment for them.

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bucolic_frolic

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The Eyepopping Factory Construction Boom in the US. (wolfstreet.com) [View all] usonian Dec 2023 OP

I wonder how much of this is speculative vs. actual companies building plants for their operations? dutch777 Dec 2023 #1

One comment I read suggested that new plants may be far more preferable than old ones. usonian Dec 2023 #2

New certainly makes sense when talking equip't. I know too some sites here have asbestos & other chemical contamination dutch777 Dec 2023 #5

I wonder what we're manufacturing? guns and ammo? bucolic_frolic Dec 2023 #3

Looks like it's manufacturing that was farmed out mostly to China. usonian Dec 2023 #4