Among the key factors affecting the sudden rise in TI allowances is a significant increase in new inventory that impacted supply and demand dynamics nationally.
Dense urban markets where land zoned for industrial is in short supply and property values are at a premium are candidates for vertical warehouse construction, industrial brokers say.
The survey, based on more than 500 responses, found that companies using flex space felt agility was the greatest value, allowing them to assign employees to a space on short notice.
Following is a list of 12 up-and-coming industrial markets, compiled using data from Colliers International, Transwestern, Cushman and Wakefield and the U.S. Census Bureau.