Despite taking a dip in activity from the tariffs on Chinese goods. U.S. ports continue to benefit from the expansion in ecommerce, observe industrial real estate experts.
Furthermore, the 2020 outlook for U.S. industrial real estate remains positive, with low vacancy rates and rising rental rates balancing the influx of new construction and the volatility caused by economic shifts and the tariffs on Chinese imports, according to speakers at Avison Young’s U.S. Industrial Summit.
Ports from Los Angeles and Long Beach, which together carry about 30 percent of U.S. container traffic, to Savannah, Miami, Houston and others are seeing strong demand for industrial space to support warehouse, distribution and logistics operations.
