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72 Years of U.S. Industrial Real Estate: 3-City Race for Top Spot, Development Favors Sprawling Metros
In 1950, the heaviest weight of the U.S. industrial market was concentrated in a handful of markets. Specifically, industrial space in Chicago amounted to roughly 88 million square feet for the largest industrial real estate market in the country. Meanwhile, Philadelphia was second-largest with nearly 79 million square feet of industrial property, while northern New Jersey — home to 75 million square feet — was a close third.