Future Cities
2023 North America Industrial Big Box Review & Outlook: Insights by Market
April 4, 2023 5 Minute Read
Explore the 2023 North America Industrial Big-Box Review & Outlook
Atlanta is the major population center of the Southeast and one of the country’s fastest-growing metropolitan statistical areas (MSAs).
More than 18 million people—23% aged 18-34—live within 100 miles of downtown Baltimore, with a 1.0% projected five-year growth rate.
Over 5 million people live within 50 miles of the region’s core, with a 5.1% expected five-year growth rate—the second-highest of any region in the Southeast.
Central Valley’s proximity to the affluent Bay Area gives it convenient access to more than 6.9 million people within a 50-mile radius.
Over 9 million people live within 50 miles of downtown Chicago, with a robust warehouse labor force of over 230,000 workers.
Cincinnati’s central location makes it ideal for big-box occupiers. Over 2.8 million people live within 50 miles of the market core.
More than 2.6 million people live within 50 miles of the market core, with a projected five-year growth rate of 2.1%.
Nearly 8 million people live within 50 miles of the DFW urban core, with 5.4% projected growth over the next five years.
More than 7 million people live within 50 miles of the market core, with five-year growth of 5.1% expected, second to only DFW.
Over 2.6 million people live within a 50-mile radius of the urban core, with a 2.3% expected five-year growth rate.
Around 16.1 million people live within 50 miles of the IE’s core, the country’s second-largest industrial market population (behind Northern/Central New Jersey).
Kansas City’s biggest draw is its easy reach to a large portion of the country. More than 2.4 million people live within 50 miles of the market core.
Over 15 million people live within 50 miles of the market core—the third most in the U.S. Nearly 26% of this population are aged 18-34.
Nearly 30 million people—24% aged 18-34—live within 250 miles of downtown Louisville, with a 1% projected five-year growth rate.
Memphis has over 1.4 million people within 50 miles of its core, and 23.4% are aged 18-34.
Mexico City is the world’s fourth-largest city, with a total population of 30 million within a 50-mile radius of the city’s core.
More than 5 million people live within a 50-mile radius of the market core, with an expected five-year growth rate of 4.7%.
Just over 2.4 million people live within 50 miles of Nashville’s core, with a projected five-year growth rate of 5.8%, the most for any market in this report.
The Northern/Central New Jersey market serves the largest population in the U.S. within 50-, 100- and 250-mile radius areas.
The Phoenix MSA is one of the fastest growing in North America, increasing demand for big-box industrial facilities and providing a growing labor pool.
More than 4.8 million people live within 50 miles of the urban core, with an expected 2.5% five-year growth rate—the highest of any major West Coast market.
While Savannah does not have a large nearby population, an occupier can reach over 25 million people or 10 million households within 250 miles of the market core.
Over 8 million people live within 50 miles of the market core, and 60 million are within 250-miles.
Nearly 3 million people live within 50 miles of St. Louis but, like many Midwest markets, this is expected to decline by 0.4% over five years.
More than 8.7 million people live within 50 miles of the market core, the highest population concentration in Canada.
- Report | Future Cities
Explore the 2023 North America Industrial Big Box Report
April 4, 2023 60 Minute Read
This report provides an in-depth overview of supply-and-demand fundamentals, demographics, logistics drivers, labor and location incentives for the top 25 core, gateway and emerging markets in North America.