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​​Tri-State Industrial Report

John Obeid • 2/26/2024
The New York, New Jersey, and Pennsylvania Industrial Corridor stands as one of the most pivotal hubs in the nation for warehouse and logistics operations, as it is strategically centered around these regions. The region encompasses some of the most densely populated metropolitan areas in the United States, including New York City, Boston, Washington D.C., and Philadelphia, where consumer demand for goods and products has consistently demonstrated remarkable strength over the years despite prevailing challenges.  

Stretching from Boston down Interstate 95 to Washington D.C., and encompassing additional areas west of the interstate, the Northeast I-95 market is home to some of the nation's most prominent logistics markets. A significant portion of the region’s strength stems from its proximity to the Port of New York and New Jersey (PNYNJ), which ranks as the busiest port along the entire Eastern Seaboard. Notably, 60 million people reside within a five-hour drive from PNYNJ, constituting a substantial 17.8% of the national population.  

Further highlighting the region's importance is its robust economic power, boasting an average household income of $128,198, which surpasses the national average by 19.8%. This elevated purchasing capacity serves as compelling evidence for major retailers to enter and expand their operations within this market. They seek to capitalize on the region's affluence, fueled by the population’s disposable income and persistent demand for next-day and same-day merchandise deliveries. 
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