Area Development: Striking a Balance - Prioritizing Electric Infrastructure While Preparing for the Next Wave of Industrial Expansion
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18 Mar 2024
News
Investments in electrification and intelligent digital technologies are actively reshaping the landscape of industrial real estate, precipitating a surge in electricity demands that challenge conventional development paradigms. As constraints on power availability become more acute, embracing a utility-first approach emerges as imperative, necessitating a delicate balance between the needs of large-scale utility projects and the multifaceted prerequisites of developers and communities. This equilibrium is pivotal for fostering sustainable investments that cater to all stakeholders involved.
Against the backdrop of robust economic development, U.S. shareholder-owned electric utilities are poised to inject a staggering $168.2 billion into the sector in 2025 alone, thereby fortifying industrial real estate. This influx of capital presents a unique window of opportunity for discerning developers and communities that prioritize alignment with utility considerations.
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