With Developers Focused on Building Massive New Distribution Facilities, Small, Blue-Collar Businesses in High-Growth Sunbelt Markets Face a Space Crunch In southern U.S. port cities such as Savannah, Georgia; Charleston, South Carolina and Jacksonville, Florida, blocks of available industrial space that are smaller than 50,000 square feet typically spent an average of about nine months on the market before leasing during the 10 years prior to the pandemic. Since then, the median time to lease for these smaller industrial spaces has plunged to a record low of between two and three months in all three locations in 2022, a leasing speed typically only seen in Southern California, which has long been widely regarded as the tightest industrial market in the U.S. This news story is available exclusively to CoStar subscribers. Video Player is loading. Play Video Play Mute Current Time / Duration Loaded: 0% Stream Type LIVE Seek to live, currently behind liveLIVE Remaining Time – Share 1x Playback Rate Chapters Chapters Descriptions descriptions off, selected Captions captions settings, opens captions settings dialog captions off, selected Audio Track Picture-in-PictureFullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. TextColorWhiteTransparencyOpaqueBackgroundColorBlackTransparencyOpaqueWindowColorBlackTransparencyTransparent Font Size100%Text Edge […]