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10 Emerging U.S. Industrial Markets to Watch in 2021

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The U.S. industrial market weathered the global pandemic better than any other commercial real estate segment in 2020. Occupancy gains totaled the third highest on record and the country experienced 43 consecutive quarters of positive absorption. Core markets across the country have thrived during this time, building and absorbing millions of square feet of industrial real estate. 2021 looks to be another strong year, with demand and construction activity at all-time highs. A cooling off period is expected, however significant opportunities remain for both investors and occupiers of industrial space.

The emerging industrial markets across the country covered in this report provide yield opportunities for investors and expansion opportunities for occupiers. In this report, we will analyze the 10 markets best poised to benefit from this growth in depth, provide the area’s population and labor demographics, discuss logistics advantages, give an insider’s perspective on what makes these markets tick and forecast industrial fundamentals in the coming year.


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10 Emerging U.S. Industrial Markets to Watch in 2021

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Amanda Ortiz

Director, National Industrial Research

Chicago - Rosemont

Amanda Ortiz is the Director, National Industrial Research on the National Marketing & Research team at Colliers. Based in Chicago, Amanda partners with national and local teams to deliver market intelligence initiatives and provide direction to drive national competitive advantage through research strategy, development and analytics.

Amanda possesses comprehensive experience in both database management and trend analysis. Her knowledge of the macro and micro factors affecting the commercial real estate market results in proactively positioned research.

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Jack Rosenberg

Executive Vice President

Chicago - Rosemont

I am a principal of Colliers International specializing in site acquisition, leasing, sales and build-to-suits for industrial users and developers. As the national director of the Colliers Logistics and Transportation Solutions Group Steering Committee (L&T), we deliver focused solutions to the increased challenges of today’s global shipping and transportation community. 

In the last five years, I have completed transactions totaling in excess of $300 million for clients like Best Buy, Bridgestone, Lawson Products, and Arvato Digital Services.

Other accomplishments include:

  • Top 10% producer for all brokers in the Colliers Americas region
  • Named Chicago Industrial Broker of the Year, 1999
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