Jones Lang LaSalle United States PAGI Seaport Outlook - 2013
Cargo volumes are steady as she goes; infrastructure work will call the ships to port in the next two years.
Seaports are focused on enhancing their infrastructure to attract ocean carriers, while industrial users want access to population centers and supply chain optimization.
Both are positioning themselves to compete and vie for market share, and this is creating excellent momentum for industrial real estate.
Eastern seaboard ports are preparing for the completion of the Panama Canal’s expansion, set for 2015. This will be a game changer for many industrial markets as it relates to long-term demand growth.
Our outlook provides a distinctive analysis of seaport-centric industrial space in gateway U.S. real estate markets, and observes the influence of global economic drivers, including trade and cargo flows, socioeconomic and political factors, as well as port capacity and infrastructure investment. Profiles of major U.S. seaports are offered and connections drawn to the property-level.
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