The U.S. industrial market continues to post robust fundamentals including record low vacancy rates and record high asking rents, as well as robust net absorption and development. The U.S. industrial market is booming because of occupiers’ need to expand and modernize distribution capabilities due to a strong U.S. economy and the rapid rise of e-commerce sales. Activity remains robust in core markets but is experiencing the highest rates of growth in secondary markets with growing populations, economic rental rates and land available for development, as well as close proximity to logistics hubs including seaports, inland ports, rail yards, air freight facilities and interstate highway systems.
While there are a plethora of markets across the U.S. posting improved industrial real estate fundamentals, we expect the 10 markets highlighted in this report to experience the most growth in the coming year and bring the highest number of opportunities for occupiers, developers and investors going forward. In this report we will analyze these 10 markets in depth, providing the area’s population demographics, logistics advantages, an insider’s perspective on what makes these markets tick and forecast industrial fundamentals in the coming year.