Southeast Industrial Labor Report_Q1 2024

SOUTHEAST INDUSTRIAL KEY TAKEAWAYS With 39.3 million residents within the 15 major metros included in this report, the population of the Southeast has grown substantially over the past decade. The region will continue to record some of the most pronounced growth in the nation with a projected 6.1% population increase over the next five years, almost doubling the expected national rate of 3.3%.

Southeastern states are dedicated to creating warehouse and manufacturing opportunities in and around their major metros. Warehouse job opportunities are expected to grow by 5.2% Over the next five years in the southeast, and production jobs by 2.7%—Both well beyond the national employment growth projections in these sectors.

The region also experienced an industrial boom to meet the growing demand of the increased populace, and a plethora of industries have located to and expanded in the Southeast. In recent years, this was driven by e-commerce and 3PL companies, and more recently, a surge in manufacturing businesses continues to fuel industrial demand.

The labor pool has increased in tandem with the rise in industrial businesses. Southeast markets have a higher concentration of the sector’s target blue collar demographic than the nation as a whole.

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Cushman & Wakefield | Southeast Industrial Labor Report

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