The demand for “last mile” storage space in the U.S. -- the final link in the logistics chain, from the warehouse to your house -- is rising with online shopping and amid strong economic conditions. A new report identifies 10 cities, most of them far from the coasts, readiest to cash in on that demand.
The U.S. industrial real estate market is enjoying healthy growth and low vacancy rates. Here are the top 10 emerging markets to watch, according to Colliers.
Source: Colliers International
Note: Warehouse space under construction in square feet
Core cities remain “robust,” the real estate services firm Colliers International writes in the report, but the fastest growth is in secondary markets “with growing populations, economic rental rates and land available for development, as well as close proximity to logistics hubs.”