The industrial real estate landscape shifts as quickly as global trade and the world economies that drive it, suggesting that the trends and markets emerging today may not last into next week. But whether they are fleeting or have some staying power, one certainty is that, through the cycle of global trade, those trends find their way to North America and, specifically, to the six largest industrial markets—Los Angeles, Chicago, New Jersey, Toronto, Atlanta, and Dallas.

These “big six” account for almost 6 billion square feet of an industrial base. The “big six” are just that because of their close proximity to major rail centers, seaports and inland ports, large labor pools, and population bases, to name just a few common characteristics that drive growth. They are traditional markets with large and active international airports and a large composite of air cargo business. ...

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