Shenandoah Valley named top industrial market to watch in 2019
The Shenandoah Valley has been named a top emerging industrial market by Colliers International.
Shenandoah Valley was the only Virginia market included on its list of 10 Emerging U.S. Industrial Markets to Watch in 2019. Other markets included Greenville-Spartanburg-Anderson in South Carolina, Lehigh Valley in Pennsylvania and Savannah, Ga. In addition to the ranking, Colliers included analysis of each market.
Shenandoah Valley likely will have another year of growth, according to John Lesinski, a Colliers executive vice president in Northern Virginia.
“Speculative development has arrived to the I-81 Shenandoah Valley Corridor,” Lesinski said. “Prominent developers new to the market are leading the charge.”
According to the report, Shenandoah Valley is a cheaper alternative to other markets but still close to ports, rail lines and labor markets. Shenandoah Valley also has plenty of land available for development and is located near population centers such as Washington, D.C., Baltimore and the Ohio Valley.
Read the full report here.