Inland ports rising, investors see logistics opportunity

The development of inland ports creates a huge opportunity for logistics real estate developers and investors, said JLL.

The inland ports create demand for large distribution centers when located near major consumption markets and medium-sized distribution centers near more geographically spread consumption markets.

China is establishing a new set of 15 inland ports, mostly to improve import logistics where it has underinvested in the past, while the United States is likely to see several new inland ports apply or acquire permits in the next 12 to 18 months.

U.S. logistics specialist CT Realty and investment partners including PGIM Real Estate launched a 1.7 million-square-foot, two-building project at Palmetto Logistics Park, which is located near an intermodal hub for Atlanta, in April. And earlier this year CT sold a 1.1 million-square-foot building close to two intermodal rail hubs in California to Bentall Kennedy for $105.3 million.

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