🚨 Immigration Crackdown = Construction Crisis in the Making? “Construction costs are going to go up radically.” — Hamid Moghadam, CEO of Prologis (via Bloomberg TV) The head of the world’s largest industrial developer just issued a warning we can’t ignore: Aggressive immigration enforcement may create a labor shock that sends construction costs soaring—and not just for buildings, but for staffing the warehouses inside them. 🔹 Already down 450,000 workers 🔹 Facing a potential loss of 15–23% of the workforce (Skanska) 🔹 Absenteeism and project delays rising (JLL) The result? ➡️ Delayed projects ➡️ Shrinking margins ➡️ Even more pressure to automate—before the economics make sense This isn’t just a policy debate. It’s a bottom-line issue. For real estate investors and builders, the question isn’t if this will hit your P&L… it’s when. And it’s enough to make the current owners of real estate deals smile. https://lnkd.in/eeZb-JRF