Speculative development has arrived to the I-81 Shenandoah Valley Corridor with many projects either underway or in the pipeline for 2019. Prominent developers new to the market are leading the charge and will serve to transform this growing logistics market from a secondary to a primary market. The demand driver is the close proximity to both metropolitan Washington, D.C. and Baltimore as well as being close to the Virginia Inland Port and the Port of Baltimore. 2019 will be another year of growth for this region, which anchors the northern end of an industrial crescent that stretches through greater Richmond and the I-95 markets to Hampton Roads and the Port of Virginia. We expect this growth to be driven by both the user and developer communities who continue to discover the I-81 Shenandoah Valley Corridor.
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