East Coast, Gulf ports see cargo volume, industrial markets grow
The top trade container port in the United States has long belonged to the West Coast but, for the past three months, has shifted eastward.
At the Port of Los Angeles, meanwhile, total container counts were 678,429 last month, a 25% decrease from October 2021. Long Beach handled 658,428 TEUs in October, a 16.6% decrease from the same month a year prior. Newmark found the 12-month trailing absorption for industrial space in Los Angeles was nearly 4.7 million square feet in Q3 2019 and -2.2 million square feet in Q3 2020 before shooting up to 13.8 million in Q3 2021. In Q3 2021, absorption was about 3.7 million square feet.
In fact, quarterly leasing for industrial space in Savannah this year is more than 2.5 times the trailing three-year pre-pandemic average, DeNight said. In particular, occupiers are considering markets where they can find lower rents, availability, new or modern inventory, and supply-chain resiliency, DeNight added.
"It matters where their suppliers are, where the companies is based, where the outbound logistics are going," he continued."But I would say, on average, there’s more interest in building that diversity for the sake of resilience.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Cargo volume growth at East Coast, Gulf ports helps bolster those industrial markets - San Francisco Business TimesThe top trade-container port in the United States has long belonged to the West Coast but, for the past three months, has shifted eastward.
Leer más »
Severe weather that brought tornadoes moves over Southeast, Gulf CoastA severe storm that brought more than two dozen reports of tornadoes is forecast to shift over the Gulf Coast and Southeast, bringing hail and heavy rainfall.
Leer más »
The weather is turning active on the Gulf CoastThe weather is turning active on the Gulf Coast with showers and storms increasing later today.
Leer más »
This Gulf Coast country fest just sold out six months ahead of timeOrganizers of the GulfCoastJam, one of the biggest country festivals on the Gulf Coast, have announced that the June event already is sold out. This is the first time in its 11-year history that the Panama City Beach fest has sold out, the Jam said.
Leer más »
Coast Guard ends search for boater missing in Gulf of MexicoJeffrey Anderson, 51, was last seen alive on Sunday afternoon when he rented a boat in...
Leer más »
Rivals.com - East Coast Spotlight: Toughest questions about the rankings
Leer más »