Here are Five Emerging Industrial Markets to Watch

Phoenix tops the list of emerging industrial real estate markets to watch, followed by Nashville, Columbus, Salt Lake City and Savannah. 

An analysis by Cushman & Wakefield evaluating key performance indicators like net absorption, new tenant demand, vacancy, rent growth, construction pipeline and deliveries showed that Phoenix—one of the fastest growing industrial markets in the country—is among the tops in the nation for absorption. More than 57 million square feet of leasing drove 51 msf of absorption from 2019 through 2021—a huge uptick from the fourth quarter of 2018, when demand registered 15.9% and the city was ranked 29th nationally.