Population growth fuels demand for all types of real estate. Most notably for industrial real estate, it leads to the following:
Increased Warehousing and Logistics Needs. As population growth drives consumer demand, there's a corresponding increase in the need for warehouses, distribution centers, and logistics hubs, particularly with the rise of e-commerce.
Manufacturing Expansion. More population can also lead to increased demand for locally produced goods, which may spur growth in manufacturing facilities.
Here is the full list, the data set if from mid July 2022 to July 2023 and includes the metro areas.
1. Toronto, ON 🇨🇦 221,588
2. Dallas Fort Worth 🇺🇸 152,598
3. Houston 🇺🇸 139,789
4. Montréal, QC 🇨🇦 129,264
5. Vancouver, BC 🇨🇦 119,650
6. Calgary, AB 🇨🇦 95,784
7. Atlanta 🇺🇸 68,585
8. Edmonton, AB 🇨🇦 63,215
9. Orlando 🇺🇸 54,916
10. Tampa Bay 🇺🇸 51,622
⚡ Subscribe:
📢 Join the Industrial Insiders Community:
🙋♂️ Chad Griffiths, MBA, SIOR
#shorts #population #realestate