April 27, 2016
Last year was a tumultuous year for seaports in North America, starting with a slowdown at all the major U.S. West Coast ports. The story of 2015 was the shifting balance in the flow of cargo to West and East Coast ports.
For logistics real estate, the shift in cargo volumes and increased competition between the coasts will create additional flexibility in the supply chain and more location alternatives for distribution and warehouse users. The Port of Long Beach rose to the top of the second annual CBRE North American Seaports and Logistics Index, lifted by the strongest logistics real estate market in the nation and healthy cargo volume growth.
This report is part one of CBRE Research’s 3-part series on industrial logistics. Click here for the second report in the series, 2016 North America Inland Ports & Logistics Annual Report.