Distribution and Industrial Warehousing Lead December 2024, Driving Over 58% of New Project Activity

According to the latest research reported by Industrial SalesLeads, distribution centers and industrial warehouses dominated new construction activity in December 2024. The research team tracked 422 new planned industrial projects during the month, reflecting only a slight 1% decrease in activity compared to November. Despite the minor decline, new construction project volume remains strong, signaling continued steady growth.

Based on collected and analyzed data, here are key highlights of new industrial construction news and project opportunities throughout North America.

Planned Industrial Construction - By Project Type:

          Manufacturing Facilities - 129 New Projects

          Processing Facilities - 101 New Projects

          Distribution and Industrial Warehouse - 191 New Projects

          Power/Energy/Oil and Gas - 15 New Projects

          Laboratory Facilities - 13 New Projects

          Mine - 0 New Projects

          Terminal - 1 New Project

          Pipeline - 0 New Projects

Planned Industrial Construction - By Scope/Activity

          New Construction - 172 New Projects

          Expansion - 104 New Projects

          Renovations/Equipment Upgrades - 180 New Projects

          Plant Closing - 25 New Projects

Planned Industrial Construction - By Location (Top 10 States)

          Texas - 32

          New York - 27

          California - 23

          Illinois - 20

          Ohio - 20

          Florida - 19

          Indiana - 19

          North Carolina - 19

          Michigan - 17

          South Carolina - 17

Largest Planned Industrial Construction Project

During the month of December, our research team identified 42 new General Industrial facility construction projects with an estimated value of $100 million or more. 

The largest project is owned by Ford Motor Company, who is investing $5.6 billion for the construction of a 4 million sf EV automotive and battery manufacturing campus in STANTON, TN. Completion is slated for Fall 2027.

Top 10 Tracked Industrial Construction Projects

OKLAHOMA:

Electric energy company is planning to invest $3 billion for the construction of a hydropower plant in TALIHINA, OK. They are currently seeking approval for the project.

OREGON:

Renewable energy company is planning to invest $3 billion for the construction of a processing facility in CLATSKANIE, OR. They are currently seeking approval for the project.

WISCONSIN:

Pharmaceutical company is planning to invest $3 billion for the expansion of their processing facility in PLEASANT PRAIRIE, WI. They are currently seeking approval for the project. Construction is expected to start in 2025.

VIRGINIA:

Fusion energy company is planning to invest $2.5 billion for the construction of a nuclear fusion power plant in RICHMOND, VA. They are currently seeking approval for the project. Completion is slated for early 2030.

MICHIGAN:

Potash producer is planning to invest $1.2 billion for the construction of a processing facility in EVART, MI. They are currently seeking approval for the project.

NORTH CAROLINA:

Biotechnology company is planning to invest $1 billion for the expansion of their processing facility in HOLLY SPRINGS, NC. They are currently seeking approval for the project.

SOUTH CAROLINA:

Aerospace company is planning to invest $1 billion for the expansion and equipment upgrades on their manufacturing facilities in NORTH CHARLESTON, SC, and LADSON, SC. The project includes the construction of a maintenance and testing facility at the site. Completion is slated for 2027.

 TENNESSEE:

Battery component mfr. is considering investing $1 billion for the construction of a manufacturing facility and currently seeking a site in the CHATTANOOGA, TN area. Watch SalesLeads for updates.

KENTUCKY:

Automotive mfr. is planning to invest $922 million for a 1 million sf expansion and equipment upgrades on their manufacturing and warehouse facility in GEORGETOWN, KY. Completion is slated for 2027.

ILLINOIS

Green hydrogen producer is considering investing $820 million for the construction of a processing facility and is currently seeking a site in the EAST ST. LOUIS, IL area. Watch SalesLeads for updates.

About Industrial SalesLeads, Inc.

Since 1959, Industrial SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence, IMI identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities. The Outsourced Prospecting Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team. Visit us at salesleadsinc.com.

Each month, our team provides hundreds of industrial reports within a variety of industries, including: