Future Cities
Insights by Market
2025 North America Industrial Big-Box Review & Outlook
May 22, 2025 5 Minute Read
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More than 7 million people live within 50 miles of the market’s core–a quarter aged 18-34–with five-year growth of 5.3% expected, third to only Dallas-Ft. Worth and Nashville.
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Industrial & Logistics Research
James Breeze
Vice President, Global Industrial and Retail Research
John Morris
President, Americas Industrial & Logistics, Advisory Services
Contributors
Susan Kitzmiller
Divisional Research Director
John Lenio
Executive Vice President, Advisory & Transaction Services | Location Incentives
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Today’s big-box industrial occupiers are prioritizing future workforce needs in their site selection analysis, rather than just focusing on the current economic and talent conditions.
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Brief | Intelligent Investment
Higher Vacancy & Interest Rates Contribute to Less Industrial Construction
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Average quarterly industrial construction starts are expected to drop to less than 50 million sq. ft. this year from more than 100 million sq. ft. in 2022 due to high interest rates, a less robust lending environment and lower demand from occupiers.
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Third-party logistics (3PL) warehouse operators strengthen supply chain resiliency through a range of fulfillment and storage solutions.
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