The Northeast Industrial Labor Report breaks down current trends in the industrial labor and real estate market. As domestic and global supply chains continue to rebalance amid evolving trade policies and geopolitical uncertainties, the strategic importance of the Port of New York and New Jersey and the region's sizable consumer base continue to make it a vital hub for industrial activity. The region's labor market will further support industrial operators with both skilled and manual labor, which will be critical to the region's success.
Northeastern markets continue to expand warehouse and production opportunities in and around their major metropolitan areas. To meet the demand from an affluent consumer base, warehouse and production jobs are projected to increase by 0.6% and 0.1%, respectively, with wages holding at around $26.00 per hour. Additionally, the median household income in these states exceeds $96,000, significantly higher than the national average.
The report highlights 10 key metropolitan areas in close proximity to major industrial markets in the Northeast across Connecticut, Massachusetts, New Hampshire, New Jersey, New York, and Pennsylvania. It looks at the interplay between the supply and demand for industrial labor in the warehouse and manufacturing sectors, as well as supply and demand for industrial space in the region.
Key industrial markets covered include:
- Boston
- Central Connecticut
- Long Island
- Central New Jersey
- Northern New Jersey
- NYC Outer Boroughs
- PA I-81/I-78/I-81-S Corridor
- Philadelphia / Southern New Jersey
- Pittsburgh
- Southern New Hampshire
