Demand for warehousing, shipping, and distribution centers is creating new sweet spots for industrial development, according to a report from Colliers, which identified ten emerging markets for this asset class. Here are the first five. Look for our second article on this list tomorrow.
Austin. Rampant population growth continues to fuel record industrial demand. Georgetown and Leander – both in the greater Austin metro — were the two fastest-growing cities in the country last year at a 10.5% and 10.1% annualized rate, respectively.
Austin's industrial growth was mostly driven by Tesla's new "GigaTexas" automotive manufacturing facility and Samsung's new semiconductor factory.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
