Demand for warehousing, shipping, and distribution centers is creating new sweet spots for industrial development, according to a report from Colliers, which identified ten emerging markets for this asset class. Here are the first five. Look for our second article on this list tomorrow.
Austin. Rampant population growth continues to fuel record industrial demand. Georgetown and Leander – both in the greater Austin metro — were the two fastest-growing cities in the country last year at a 10.5% and 10.1% annualized rate, respectively.
Austin's industrial growth was mostly driven by Tesla's new "GigaTexas" automotive manufacturing facility and Samsung's new semiconductor factory.
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