Relocating from overseas, U.S. manufacturing
businesses bolster the greater Seattle
area’s industrial sector
By Tony Kusak
Cushman & Wakefield | Commerce
Illustration by Dennis Wunsch
Reshoring — that is, U.S. companies moving their offshore productions
back to the U.S — is a growing trend across the nation. It offers a great
deal of potential business opportunities for commercial mortgage originators.
The greater Seattle/Puget Sound industrial real estate market is a prime example of a region ready to take advantage of it.
Reshoring is particularly a hot topic in manufacturing circles. U.S. manufactur-ers have been repositioning their facilities because of increasing labor costs
overseas, higher fuel costs for extended supply chains and the need for tighter
quality control. Additionally, loss of intellectual property with little to no offshore
protection or meaningful regulation is compelling many companies to consider
relocating to U.S. soil.
Among the benefits companies cite for reshoring are: closer proximity to research and development facilities; decreased supply chain costs and improved quality supervision of the manufacturing process. Local communities
also benefit greatly by the addition of new jobs and an increased tax base,
often thought lost forever overseas.
All of these benefits create a perfect environment for new demand for commercial mortgages. It is therefore important to monitor this trend closely to
ensure you’re not missing out on opportunities landing right on our shores. »