A distinctive analysis of seaport-centric industrial space in gateway U.S. real estate markets
Observing the influence of global economic drivers, including trade and cargo flows, socioeconomic and political factors, as well as port capacity and infrastructure investment, the report provides both a macro overview of current trends impacting the domestic sector in addition to detailed information on major seaports. Read the full report here.
- West Coast seaports are 6.8 percent below their ’07 peak levels while East Coast ports exceed their volume by 19.1 percent.
- 55 percent of 2013 TEU volume came from West Coast seaports, while the remaining sum originated from the Gulf and East Coast. In 2007, the divide was 61-39.
- A supply chain executive’s biggest nightmare is the stoppage of goods flowing into and out of their warehouses. The history of labor strikes and disruption are causing a shift in port selection as companies put their “eggs in multiple baskets.”
- A financial dispute (and subsequent resolution) has pushed the expansion’s completion from April 2015 to the first quarter of 2016. The project is 76 percent complete as of late June 2014.
- The Ports of Long Beach, Los Angeles, Oakland, Seattle, Tacoma, Virginia and Baltimore are post-Panamax ready. New York / New Jersey will come online later this year, while Houston, Miami and Jacksonville are expected to come online in 2015.