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IPA Industrial Investment Forecast
- Southern California markets dominate the top 10 in this year’s Index. Twin Ports Los Angeles is one of the busiest ports in the world and the
metro also has an expansive manufacturing base, underpinning a robust industrial sector.
- Milwaukee (#13) registered the greatest improvement in the 2019 NIPI, leaping six rungs. Strong manufacturing hiring and minimal new
inventory will fill existing space, dropping vacancy and boosting rents. Cleveland (#7) and Atlanta (#14) followed, each climbing four spots.
- Economic growth will extend into 2019 as employers add 2 million workers to payrolls this year, keeping the nation’s unemployment rate near
4 percent. Though many are eager to expand employment bases, a lack of qualified workers may inhibit them from filling open positions.
- The U.S. economy will remain fundamentally stable in 2019 despite consumer confidence dipping from last year’s historically high levels.
All-time highs of U.S. household wealth and disposable income will keep consumers optimistic, particularly as several factors could threaten
domestic growth moving forward.