Industrial relocation decisions should start with people, not buildings

This industry analysis examines why industrial occupiers should prioritize workforce factors when making relocation decisions. With approximately 10,000 industrial leases expiring within the next 24 months across the United States, companies face increasingly complex site selection challenges amid rising rents, labor shortages, and evolving supply chain demands. The report reveals that successful location strategies begin with defining unique labor and employment metrics before considering facility economics.

Key Insights:

• Labor Shortages Widespread: 70% of industrial companies report production delays due to unfilled positions

• Complex Decision Making: Modern location strategy now involves multiple stakeholders beyond real estate teams

• Rising Costs: Despite slowing to 0.7% YOY, industrial rent increases remain a significant factor

• Productivity Concerns: Relocations can create 2-3 year productivity dips while new specialized workers are trained

• Workforce Retention: Strategic site selection can help retain up to 80% of employees versus as little as 20%

• Data-Driven Solutions: Advanced location analytics incorporating workforce data can optimize decisions
   

Download now to discover how your company can prioritize workforce considerations for successful industrial relocation decisions.