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Healthy TEU volumes at U.S. ports amid softening industrial demand
Research - JUNE 4, 2024

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Healthy TEU volumes at U.S. ports amid softening industrial demand

by Andrea Zander

Thirteen key port-proximate industrial real estate markets have experienced cooling demand coupled with rising vacancy rates and tempered rent growth, according to Cushman & Wakefield.

While these trends mirror the U.S. macro trends, negative net absorption has been more prominent in many of the port markets as imports reverted to pre-pandemic levels and inventory strategies shifted away from a “just in case” approach. Occupiers within port-proximate markets have placed excess space back on the market.

“Despite expectations that West Coast ports would regain market share from East and Gulf ports due to the ongoing Red Sea crisis, Panama Canal drought and the upcoming East Coast port negotiations, this shift has yet to materialize consistently,” said Jason Price, senior director, Americas head of logistics and industrial research. “Having learned from previous supply-chain challenges, shippers continue to diversify ports of entry, resulting in modest growt

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