Midwest

Industry challenges meet a quick expansion in the aging population.

Expect a lot of volatility through the rest of the year, with some events possibly disrupting markets.

The new residents are moving from places that have younger and less affluent populations.

Rents still remain below average pre-pandemic levels.

The largest industrial metros saw a vacancy increase of 202 BPs and asking rents were up 5.3%.

Migration to the Sunbelt and out of midsize markets in the Midwest is reshaping the retail landscape across the country.

Since last year, both demand for lab space and funding have diminished.

See our picks for 2024.