The U.S. industrial market weathered the global pandemic better than any other commercial real estate segment in 2020. Occupancy gains totaled the third highest on record and the country experienced 43 consecutive quarters of positive absorption. Core markets across the country have thrived during this time, building and absorbing millions of square feet of industrial real estate. 2021 looks to be another strong year, with demand and construction activity at all-time highs. A cooling off period is expected, however significant opportunities remain for both investors and occupiers of industrial space.
The emerging industrial markets across the country covered in this report provide yield opportunities for investors and expansion opportunities for occupiers. In this report, we will analyze the 10 markets best poised to benefit from this growth in depth, provide the area’s population and labor demographics, discuss logistics advantages, give an insider’s perspective on what makes these markets tick and forecast industrial fundamentals in the coming year.