In today’s e-commerce-driven “need-it-now” environment, a primary purpose of warehousing is to reduce delivery lead time—the time between a customer placing an order to receiving it on their doorstep—while keeping overall supply chain costs down.
This balancing act between cost and proximity to consumers and distribution hubs is driving many retailers and wholesalers to seek out modern facilities in secondary markets. In particular, this shift is rapidly improving fundamentals near inland ports, seaports and large population centers.
While core industrial markets in New Jersey/Pennsylvania, the Inland Empire, Atlanta, Chicago, Houston and Dallas will continue to thrive, we believe these 10 emerging U.S. industrial markets are positioned to experience the most robust increases in demand from both occupiers and owners.
Each of these markets is unique, but they share advantages such as nearby logistics hubs, attractive rental rates, land available for development, large nearby populations, pro-business atmospheres and skilled workforces.
In 2017, it just might pay to get to know these 10 rising stars of the U.S. industrial market.