Brief | Future Cities

Emerging Industrial Markets: Northern Delaware

19 May 2022

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Northern Delaware offers warehouse and distribution providers an attractive combination of low operational costs, affordable property taxes and quick access to major metro areas. The region’s transportation infrastructure includes the full-service, deep-water Port of Wilmington.  Many developers consider Northern Delaware as the next frontier along the I-95 Corridor and plan to deliver a number of new projects in the coming years.
Dan RattayCBRE Senior Vice President

Demographics

More than 21 million people live within 100 miles of Northern Delaware, with a projected growth rate of 1.6% over the next five years. The important 18-to-34 age group accounts for more than 22% of the total population. Within 250 miles, occupiers can reach 58.2 million consumers.

Figure 1: Northern Delaware Population Analysis

Source: CBRE Location Intelligence.

The Northern Delaware region includes Greater Wilmington and borders portions of Maryland, New Jersey and Pennsylvania, providing it with a large labor pool. New Castle County—Northern Delaware’s central core—has a warehouse labor force of 9,165, according to CBRE Labor Analytics, and is forecast to grow by 4.4% over the next decade. The average hourly wage for a non-supervisory warehouse worker with one year experience is $17.49, which is 5.9% above the national average.

Figure 2: Northern Delaware Warehouse & Storage Labor Fundamentals

Source: CBRE Labor Analytics.