Market Rankings

Rationale

The tightest Inland Empire node remains the clearest high-barrier West Coast industrial scarcity expression, but the thesis does not transfer automatically to IE East or outer-ring bulk.

Rationale

LA / South Bay infill can support scarcity pricing, but current support is source-note-led and requires asset-level tenant and basis proof.

Rationale

Northern NJ / NYC Metro infill is a high-barrier last-mile and port-adjacent scarcity lane where supply constraints matter more than national headline vacancy.

Rationale

Northern Virginia powered land can create industrial-adjacent scarcity, but the lane is driven by power, data-center optionality, and parcel-level constraints rather than broad warehouse demand.

Rationale

Doral / Airport West is a coastal infill scarcity lane, but current support is source-note-led and should not be exported as a fully structured ranking.

Rationale

BMW / Michelin / Daimler manufacturing demand and pipeline shutoff support a reviewed-synthesis BTS and select-spec lane.

Rationale

Nashville's tight vacancy and North / Southeast corridor absorption support a landlord-market Tier 2 lane, while suburban spec still requires pricing discipline.

Rationale

Savannah Port Corridor supports BTS enclave logic inside a tenant-leverage metro, with port adjacency offset by metro-wide supply elasticity.

Rationale

Charlotte's Southeast logistics role and population growth support selective industrial allocation, but submarket and supply gates remain decisive.

Rationale

DFW remains a national central logistics node, but metro vacancy requires submarket precision between Airport / Alliance and southwestern spec exposure.

Rationale

Chicago's intermodal scale supports core income, but O'Hare / West Suburbs perform differently from the South I-80 big-box belt.

Rationale

Houston's energy and port-adjacent industrial role is durable, but the thesis depends on submarket and tenant-credit selection rather than generic metro growth.

Rationale

Atlanta remains the Southeast distribution backbone, but south-side and outer-ring spec supply require direct absorption and basis evidence.

Rationale

Cross-border logistics and USMCA-linked demand support a specialist source-note-led lane, with cross-dock and credit-tenant structures preferred over speculative vacancy.

Rationale

El Paso's border manufacturing lane can benefit from nearshoring, but requires asset-level tenant and logistics proof.

Rationale

Semiconductor-adjacent demand is plausible but still requires tenant, utility, infrastructure, and exit-liquidity proof before allocation.

Rationale

Corpus Christi energy-industrial demand can support specialist trades, but current support is source-note-led and should not be treated as broad market allocation evidence.