HARRISBURG, PA—A tight labor pool in central Pennsylvania is challenging developers of logistics space to think about pushing the corridor further south into Maryland and even Virgina, according to new research by Jones Lang LaSalle.
Central PA's strong industrial demand and stagnant population growth has drained its labor pool: industrial inventory has grown 37.5% since 2008, while its working age population has grown just 5.0%, says Colin Sargis, JLL research analyst, in a new report.
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In 2008, Carlisle, PA, had 58 workers per every 10,000 square feet of warehousing; that ratio has since plummeted to 43.9. Conversely, Hagerstown, MD, has 50.8 workers per 10,000 square feet of industrial warehousing, a 15.7% advantage.
As a result, requirements tied to I-81 in Central PA are looking at options farther south where occupiers can pull labor from either MD, WV, or VA while still maintaining access to New York via a one-day truck turn, the report concludes.
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