CBRE Research found that 16 of the top 20 markets for under-construction space—accounting for 70% of total under-construction inventory nationally—have workers active and on site, with most of these projects deemed “essential.” Pennsylvania’s I-78/81 Corridor, Philadelphia, Central New Jersey and Oakland are the only markets that have shut down construction sites, although in New Jersey and Pennsylvania waivers can be granted if the construction is for buildings that will distribute essential product. OVID-19 impacts have reduced leasing activity for the record 309 million sq. ft. of industrial space that was under construction at year-end 2019. Prior to the outbreak, there were minimal fears of vacancy rate increases because of robust demand for first-generation space. More than a third of this new construction was already committed by occupiers at year’s end. However, occupiers now are taking a wait-and-see approach or are unable to tour sites because of travel restrictions and social distancing policies. Click to read more at www.cbre.us.