Future Cities
2022 North America Industrial Big Box Review & Outlook: Insights by Market
March 11, 2022 5 Minute Read
Explore the 2022 North America Industrial Big Box Report
As the gateway to the Southeast, Atlanta’s logistical infrastructure provides distributors the ability to reach customers easily and at affordable rates.
The explosive growth of Baltimore’s big-box sector is attributable to its deep-water port and access to strategic markets along Interstate 95.
Central Florida benefited as much as any secondary market in the country from the uptick in e-commerce demand.
The combination of location, transportation networks and available labor make the Central Valley a premier big-box market.
Chicago’s central location and plethora of logistics capabilities make it one of the most in-demand big-box markets in the country.
Cincinnati is among the top-performing markets in the Midwest, with a large foreign and domestic buyer pool.
The Columbus industrial market's rapid growth is expected to continue in 2022, based on record levels of absorption, rent growth and land acquisitions.
The Dallas/Fort Worth industrial market is seeing record-low vacancy and robust levels of new construction, rental rate growth and property price appreciation.
Houston’s pro-business environment, favorable real estate conditions and population growth continue to drive its thriving big-box industrial market.
With excellent infrastructure, competitive economic incentives and a favorable business tax environment, Indianapolis checks all the site selection boxes.
The Inland Empire market consists of Class A big-box distribution assets with freeway access and proximity to the affluent Southern California consumer base.
Kansas City is one of the fastest-growing U.S. industrial markets, with developers delivering over 70 million sq. ft. of Class A space over the past decade.
The Los Angeles market offers access to the ports of Los Angeles and Long Beach and a freeway system reaching dense population centers in 11 Western states.
Nearly 30 million people—23% of them in the 18-to-34 age demographic—live within 250 miles of downtown Louisville.
Memphis has the nation’s busiest cargo airport, five Class I railroads and a location within a two-day drive to 70% of the U.S.
Mexico City is one of the most densely populated metro areas in the world and is the largest big-box market in Mexico.
The Montreal industrial market outpaced its Canadian counterparts with year-over-year rent growth of 32% in 2021, making it a primary target for investors.
Northern/Central New Jersey has the most active seaport on the East Coast, with demand driven by both e-commerce and traditional retail occupiers.
The Greater Phoenix industrial market is delivering strong results, with record net absorption and a record-low vacancy rate.
The Puget Sound industrial market continues to attract growing investor interest with its steadily declining vacancy rate and record-high absorption levels.
The pandemic supercharged demand in the region, which ended 2021 with a supply shortage of large-format buildings driven by record preleasing activity.
St. Louis’s central location provides quick access to a large portion of the U.S., making the region a desirable distribution hub.
Record-high rents and land prices are expected to further increase as companies target major population centers in and around the Toronto area.
- Report | Future Cities
Explore the 2022 North America Industrial Big Box Report
February 11, 2022 60 Minute Read
This report provides an in-depth overview of supply-and-demand fundamentals, demographics, logistics drivers, labor and location incentives for the top 23 core, gateway and emerging markets in North America.