The supply landscape in industrial port markets could shift significantly in the coming years, with densely populated Northeastern markets running out of land for industrial properties while legislation in California could make development there more challenging. Meanwhile, the country got a taste of what a labor strike could do to the supply chain earlier this month when East Coast dock workers launched one against operators. The strike was quickly ended with a tentative agreement, but it still caused weeks of shipping disruption.

National in-place rents for industrial space averaged $8.16 per square foot in September, up five cents from August and up 7.1% year-over-year, according to CommercialEdge's latest national industrial report. In-place rents grew fastest in the Inland Empire, Miami, Los Angeles and New Jersey.

Among non-coastal markets, the Sunbelt saw the highest gains for in-place rents, with Nashville, Atlanta and Dallas-Fort Worth experiencing strong growth. Sunbelt markets are reaping the benefits of continued reshoring and nearshoring momentum, with support services for battery and semiconductor manufacturing plants boosting activity from Georgia to Arizona