Explore 3 emerging U.S. warehouse real estate markets in 2024: Savannah, Las Vegas and Dallas–Fort Worth with strong logistics opportunities.
U.S. Warehouse Real Estate Market in 2024
The U.S. industrial real estate sector is witnessing a surge as a flood of new warehouse capacity enters the market. This creates major opportunities for logistics companies, with growing demand for warehouse leasing across both established and emerging markets.
According to CBRE, warehouse leasing activity is expected to rise in 2024 as companies expand their logistics networks. “Despite ongoing economic uncertainty, consumers continue to consume. That means occupiers waiting on the sidelines will need to return and restart their expansion plans,” said James Breeze, Vice President and Global Head of Industrial & Logistics Research at CBRE.
New Trends: Which Warehouse Markets Stand Out?
Experts highlight that market selection depends on factors such as location, labor availability, local regulations, and business needs. In 2024, three markets are set to attract strong attention: Savannah (Georgia), Las Vegas (Nevada) and Dallas–Fort Worth (Texas).
Savannah, Georgia – The Rising East Coast Logistics Hub
Savannah is becoming a hotspot in the U.S. industrial real estate landscape due to its strategic advantages:
-
Strategic port access: The Port of Savannah is one of the most important East Coast gateways, driving warehouse demand.
-
Alternative to Atlanta: Many tenants prefer Savannah as a cost-efficient option compared to Atlanta distribution centers.
-
Automotive industry growth: Hyundai Motor Group is building a large EV manufacturing plant in nearby Bryan County, boosting logistics demand.
According to Colliers, Savannah recorded 15.4 million square feet of warehouse leasing in 2023 – the highest in its history. However, a wave of new developments pushed the industrial vacancy rate up to 8.4%, applying downward pressure on rental rates.
Las Vegas, Nevada – A Growing Warehouse Alternative
Las Vegas is emerging as an attractive alternative to California’s Los Angeles and Inland Empire markets, where costs have surged. Key advantages include:
-
Proximity to major West Coast distribution routes.
-
Competitive warehouse rental and labor costs.
-
Strong supply pipeline supporting e-commerce growth.
Dallas–Fort Worth, Texas – A Long-Term Logistics Powerhouse
Dallas–Fort Worth continues to rank among the largest and most dynamic warehouse markets in the U.S. With its central location, robust infrastructure, and well-developed logistics ecosystem, DFW remains a top choice for long-term logistics and industrial investments.
In 2024, Savannah, Las Vegas and Dallas–Fort Worth stand out as the most promising warehouse real estate markets in the U.S. With rising e-commerce demand and green manufacturing expansion, these hubs are set to play a vital role in shaping the future of industrial logistics.
If your business needs comprehensive solutions in import–export, international transportation, customs, and logistics, let VNFT Logistics be your trusted partner. We provide fast, accurate, and cost-optimized services with dedicated support to ensure your cargo arrives at the right place – at the right time – with the right commitment.
🚢 Ocean Freight | ✈️ Air Freight | 📑 Customs Brokerage | 🚚 Domestic Transport | 🏢 Warehousing | 🌎 Global Solutions
📞 Hotline: +84 902 409 680
📧 Email: bod@vnftgroup.com
📍 Address: 3rd Floor, DMA Building, 45 Dinh Tien Hoang, Saigon Ward, Ho Chi Minh City, Vietnam
✨ VNFT Logistics – Not just transportation, but creating value for Vietnamese brands on the global stage. ✨
#VNFTLogistics #importexport #customs #logistics #globalfreight #VietnamBrand
