Colliers International, a global commercial real estate services organization, has ranked Virginia’s Shenandoah Valley as one of ten emerging industrial markets in the United States in 2017.
Colliers notes that markets located near a seaport will benefit from an increase in inbound containers, adding that “Loaded inbound container volume will likely be robust in the near future as the overall economy is expected to remain strong. While the expansion of the Panama Canal will have little impact on industrial demand until improvements are completed along East Coast ports to better service larger vessels, industrial markets near seaports will benefit from elevated loaded inbound container volumes in the coming year. Some of the markets where we expect to see the strongest boost in fundamentals due to inbound container volume include Lehigh Valley, Shenandoah Valley, Charleston, Savannah, the Inland Empire and the East Bay markets of Oakland and Stockton.”
Colliers goes on to say that flex warehouses will also be an important contender in 2017.
InterChange, a 3PL, transportation and warehousing provider located in the heart of the Shenandoah Valley, has a port service facility in Fort Royal, Virginia with another port services facility currently under construction in Portsmouth, Virginia. InterChange also has flex space available in Rockingham County, Virginia.