U.S. seaports get aggressive about industrial real estate

Jones Lang LaSalle’s Seaport Index traces port success to infrastructure improvements, connectivity, availability of distribution center space, and proximity to population density
By Patrick Burnson, Executive Editor
July 07, 2013 - LM Editorial

While vying for business amid flat cargo volume growth, U.S. seaports also face heated competition for post-Panama Canal expansion market share. 

JLL’s fifth-annual, Seaport Outlook, ranks the most prominent ports in the U.S., this year identifying the availability of industrial real estate surrounding the ports as one of three top features shared by successful ports.  The other two top factors include proximity to population density and improved infrastructure.

“Competition is rising even while trade growth is stagnant,” explained Rich Thompson, Managing Director of JLL’s Ports Airports and Global Infrastructure (PAGI) group.

“The emergence of marketplace shifts related to multi-channel retail strategies, as well as the soon-to-be completed Panama Canal expansion are changing the positioning for many U.S. ports. To gain market share, ports must both improve infrastructure, connectivity and possess required, Class A distribution center space to support the increasing demands of corporate supply chain strategies.”

As the top ports begin serving larger “post-Panamax” ships carrying double the number of containers, sites near to the ports are in great demand, with port-driven markets outperforming other top industrial real estate markets nationwide.

According to the report, there are only eleven available distribution center spaces larger than 500,000 square feet within 15 miles of any major seaport. Furthermore, only 23 blocks are available for warehouse space users in need of at least 250,000 square feet within five miles of a major port.

Tomorrow: an exclusive interview with Thompson on “What defines a top seaport.”



About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Josh Green, CEO of Panjiva, an online search engine with detailed information on global suppliers and manufacturers, said despite the recent trends coming out of China, it is important to remember is that on a big picture level, its impact on the global economy is big and growing.

Diesel gasoline’s average price per gallon dropped for the ninth week in a row, according to data issued by the Department of Energy’s Energy Information Administration (EIA) this week.

Citing currency exchange rates and lower fuel surcharges, second quarter revenue for transportation and logistics titan UPS dropped 1.2 percent to $14.1 billion, the Atlanta-based company reported today. Even though revenue was slightly down, earnings per share saw a 12 percent annual gain at $1.35, which was above Wall Street estimates of $1.27.

Does your organization struggle with the integration of information between your internal systems, processes and partner portals? You're not alone! Kapow Software alongside EFT has surveyed over 200 organizations regarding the importance of information access, visibility and discusses some of the major goals for supply chain and logistics organizations.

The U.S. Department of State maintained Thailand’s Tier 3 ranking, the lowest category, in its annual Trafficking in Persons (TIP) Report, which was released this week.

About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review. Patrick covers international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. Contact Patrick Burnson

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA