Although demand has normalized across the Southeast, the surge in manufacturing coupled with historically healthy market fundamentals continues to emphasize the importance of skilled and affordable labor across the region.
This Southeast Industrial Labor Report breaks down the current trends in the industrial labor market and identified the following key takeaways:
Southeastern states are dedicated to creating warehouse and manufacturing opportunities in and around their major metros. Warehouse job opportunities are expected to grow by 5.2% over the next five years, and production jobs by 2.7%--both well beyond the national employment growth projections in these sectors.
The Southeast, with 39.3 million residents across 15 major metros, has seen significant growth over the past decade. Projections indicate continued robust growth, with a 6.1% increase over the next five years, nearly double the expected national rate of 3.3%.
To support this increased population, the region has also experienced an industrial boom to meet the growing demand of the populace. A plethora of industries have located to and expanded in the Southeast, driven by a surge in e-commerce, 3PL, and manufacturing businesses.
The labor pool has grown in tandem with the increase in industrial businesses, positioning the region with a greater concentration of the sector’s blue-collar demographic compared to the national average.
This report highlights the 15 key metropolitan areas in the Southeast across Virginia, North Carolina, South Carolina, Tennessee, Georgia, and Florida, looking at the interplay between supply and demand for industrial labor in the warehousing and manufacturing sectors and the supply and demand for industrial space. Key markets covered include:
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