Some of the cities that have the most units under construction right now—such as Los Angeles, for example,—do not have a big chunk in the planning stages.
A list of warehouse projects completed since 2012 or under construction, compiled by CBRE, gives an indication of regions seeing the greatest demand for industrial space.
Fannie Mae and Freddie Mac held 37 percent ($467 billion) of all mortgages on multifamily properties outstanding as of Sept. 30, 2017, according the Federal Reserve data.