Warehouse and Commercial Construction BOOM

Warehouse and Commercial Construction BOOM

Hey, El Paso, did you know that we are in the midst of a record-setting warehouse and distribution construction boom? All right, according to the El Paso Times. So, basically, why are we getting all of this new warehouse and distribution? Why are we getting all of this type of construction and building? Because it's being fueled by the growing manufacturing industry right across the border.

So, as Juarez manufactures more goods, well, El Paso needs more space to actually store those goods and then, you know, send them out for distribution. So, why are we getting kind of this big boom in both El Paso and Juarez? Pandemic-related supply chain issues. So, the more manufacturing space that gets leased in Juarez, the more demand that we're going to see in El Paso. So, you know, another problem is that, basically, because of those supply chain issues, what a lot of companies are doing is they're deciding to, like, warehouse and keep raw materials on site, rather than depend on, you know, China, you know, to ship those to us.

So, where are you going to put all of these raw materials? Well, you need space for that warehouse, for that distribution center, and that's exactly what's happening. Which is awesome for construction, which is awesome for the local economy. They're building a lot of speculative projects, meaning that they're anticipating future growth and future need in that sector. And so, again, great for the economy.

There's a giant distribution center being built in TJX Companies. What do they do? They supply Marshall's clothing stores, you know. So, pretty interesting, you know, lots of good things coming to El Paso. As the city grows, this type of development is awesome, because not only does it create construction jobs, help with the tax base, but it also creates jobs for people that are going to need to, you know, work in those distribution and warehouse centers.