In 2024, the Southeast of the U.S. continued its outsized success, attracting industrial occupiers and investors alike. Overall, the region continues to be held in high regard due to its ongoing population expansion, low costs, strategic infrastructure access, and favorable business operating environment. Vacancy rates have normalized, remaining below pre-pandemic averages, and rental rates continued to rise in some key markets, albeit at a slower pace than in recent years. The introduction and expansion of multitudes of manufacturing plants and warehousing facilities emphasize the importance of skilled and affordable labor. Given the region’s structural advantages and superior business climate, the Southeast will continue to be a region of choice for industrial operations.
The Southeast Region Industrial Labor Report looks at the interplay between supply and demand for industrial labor in the warehouse and manufacturing sectors, as well as supply and demand for industrial space in the region.
The report highlights 17 key metropolitan areas in close proximity to major industrial markets in the Southeast across Virginia, North Carolina, South Carolina, Tennessee, Alabama, Georgia, and Florida.
Key industrial markets covered include:
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