Industrial Real Estate News

Journal of Commerce provides industrial real estate news and analysis, including industrial real estate projects, real estate supply chain, real estate logistics, distribution centers, cross-dock facilities, expansion, absorption, pricing, categories and strategies.

The latest Industrial Real Estate News & Analysis

Ryder expands footprint in Laredo after truck border crossings rose 5% last year

William B. Cassidy, Senior Editor |
A new 228,000-square-foot warehouse and distribution facility near Laredo’s World Trade Bridge will help Ryder scale operations for cross-border shippers.
SurfaceTrucking NewsIndustrial Real Estate News

New Jersey warehouse demand ebbs amid consumer spending slowdown

Michael Angell, Associate Editor |
Along with vacant warehouses, tenants that want to downsize or move through subleases are also adding to supply.
North American portsContainer Shipping NewsIndustrial Real Estate News

Destocking freeing up US warehousing space, but costs remain elevated

William B. Cassidy, Senior Editor |
Continued diversification in US entry points will eventually lead to greater demand for warehousing and storage at inland nodes.
Industrial Real Estate NewsSupply chain

3PL Kenco expands warehousing reach in key US markets

William B. Cassidy, Senior Editor |
The acquisition of The Shippers Group gives Kenco greater distribution capacity and underscores resilient demand for space and integrated logistics services despite a weak freight market.
SurfaceSupply chainTrucking NewsIndustrial Real Estate News

Lack of green compliance could be costly for some Southern California warehouses

Bill Mongelluzzo, Senior Editor |
The facilities must adhere to new emissions-cutting rules implemented several months ago by regulators or risk daily fines approaching $12,000 per day.
Supply chainIndustrial Real Estate NewsTransport, Trade, and Regulation News

Retailers retooling supply chains amid lower demand, excess capacity

William B. Cassidy, Senior Editor |
As conditions normalize, US retailers such as Dollar General are cutting unneeded resources, including temporary warehousing, while reinforcing their core business.
SurfaceSupply chainTrucking NewsIndustrial Real Estate News

Jacksonville port area sees record industrial warehouse leasing

Teri Errico Griffis, Associate Editor |
Retailers and e-commerce merchants leased 3.7 million square feet of warehousing and distribution space near the Port of Jacksonville in the third quarter, a record for Jacksonville’s industrial market.
Industrial Real Estate NewsNorth American ports

New logistics center under construction to tap into Port of Savannah’s growth

Teri Errico Griffis, Associate Editor |
The four-phase, seven-building project with CSX rail connections will support the growing needs of importers and exporters using the port.
Industrial Real Estate NewsNorth American portsNorth-American rail

Norfolk continues to drive warehousing boom in Southeast US

Teri Errico Griffis, Associate Editor |
Demand for industrial warehousing is surging along the Southeast US, with Virginia attracting more than 11 million square feet in the last three years.
North American portsContainer Shipping NewsIndustrial Real Estate News

US warehouse boom continues with new Chicago, Dallas facilities

William B. Cassidy, Senior Editor |
Expansion moves by Lineage Logistics and Ryder System underscore continuing demand for warehousing and distribution space even in a period of low freight demand and slow economic growth.
Industrial Real Estate NewsSupply chainLast Mile News

Logistics providers stake claim in potential-laden ‘end-to-end‘ space

Eric Johnson, Senior Technology Editor, and Teri Errico Griffis, Associate Editor |
It’s an open question whether shippers want end-to-end supply chain services from a single provider, but that hasn’t stopped names such as Amazon, Maersk and Flexport from building integrated solutions.
Supply chainIndustrial Real Estate News

US cold storage supply struggling with costs, aging facilities amid high demand

Teri Errico Griffis, Associate Editor |
Investors aren’t lining up to sink money into aging facilities, given that warehouses built in the last 20 to 40 years require nearly 50% more energy consumption and double the maintenance costs than newbuilds.
Industrial Real Estate NewsNorth American portsCool Cargo News

CEVA expands India footprint with contract logistics takeover

Greg Knowler, Senior Editor Europe |
The CMA CGM subsidiary’s latest acquisition will significantly increase its presence in South Asia that is growing in importance as supply chain routes shift across the region.
Supply chainForwardingIndustrial Real Estate NewsLast Mile NewsCool Cargo News

US warehouse vacancies rose in Q2, but market still ‘healthy’

Teri Errico Griffis, Associate Editor |
Vacancies are expected to continue rising into 2024 as construction of new warehouses near completion and outpace demand.
Industrial Real Estate NewsSupply chain

DHL to invest $551 million to expand presence in Latin America

Teri Errico Griffis, Associate Editor |
DHL will spend hundreds of millions of dollars in the region over the next five years as the company targets customers looking to globalize their business and diversify sourcing.
Supply chainSurfaceTrucking NewsIndustrial Real Estate News

South Korean entities to develop Chicago, New Jersey transloading facilities

Teri Errico Griffis, Associate Editor |
The locations were chosen based on their proximity to key rail, airport and port facilities, the partners said.
Industrial Real Estate NewsContainer Shipping NewsTrans-PacificAir CargoSupply chain

US importers still destocking, and delaying restocking in uncertain economy

William B. Cassidy, Senior Editor |
US consumers are still spending, but at a slower rate, and that’s pushing major restocking of goods further toward the back half of 2023, analysts and retailers say.
Supply chainContainer Shipping NewsNorth American portsTrucking NewsIndustrial Real Estate News

China to remain top for logistics investment despite regional sourcing shift

Keith Wallis, Special Correspondent |
Logistics and industrial investment in the Asia-Pacific region was estimated at about $50 billion last year, down from a record $72 billion in 2021.
Transport, Trade, and Regulation NewsInternational portsIndustrial Real Estate News

US warehouse vacancy rose in first quarter as demand waned

Michael Angell, Associate Editor |
CBRE’s latest figures on industrial real estate demand show the supply of new and existing warehouses grew faster than tenant demand, with vacancy spikes expected through 2023.
Industrial Real Estate NewsContainer Shipping NewsNorth American ports

DHL Express plans US physical expansion, including delayed new hub

William B. Cassidy, Senior Editor |
International air express carrier DHL is building out its US footprint to gain greater density and reach in its largest market, its CEO for the Americas says.
Supply chainTrucking NewsAir Cargo Carriers NewsIndustrial Real Estate News

JOC Rankings: MSC, Maersk top two carriers in Gulf Coast in 2022

Michael Angell, Associate Editor |
Although the two carriers are partners in the 2M Alliance, it was the addition of extra capacity in their standalone services that led them to handle a combined 40 percent of the cargo coming into the Gulf Coast last year.
Container linesContainer Shipping NewsNorth American portsIndustrial Real Estate News

Growing warehouse vacancies near NY-NJ not sign of weak market: analysts

Michael Angell, Associate Editor |
The warehouse market near the Port of New York and New Jersey is seeing some tenants leave and new space becoming available, but that’s not a sign of a significant drop in demand, observers say.
Industrial Real Estate NewsContainer Shipping NewsNorth American ports

US transport providers lose fewer jobs than expected in January

William B. Cassidy, Senior Editor |
Courier, trucking, and warehousing firms lost workers last month, but the seasonal surge and purge was more muted than expected, reflecting broader labor market resilience.
SurfaceTrucking laborIndustrial Real Estate News

US inventory drawdown key to trans-Pacific volume recovery: analyst

Jason Miller, associate professor of logistics at Michigan State University, and JOC analyst |
While there are encouraging signs regarding general merchandise retailers seeing their inventories-to-sales return toward pre-COVID levels, data suggests many sectors have a long way to go before their inventories-to-sales come back to pre-pandemic levels.
Supply chainContainer Shipping NewsTrans-PacificIndustrial Real Estate News

Tight supply to keep warehousing costs rising despite slower freight growth

William B. Cassidy, Senior Editor |
The rapid expansion of US industrial real estate is expected to slow in 2023 as warehouses are completed, capital costs rise, and the US economy slows, but capacity isn’t going to suddenly flood the market.
Industrial Real Estate News

Developers warn that US warehousing constraints will get tighter

William Cassidy, Senior Editor |
Warehousing capacity in the US is predicted to get tighter as 2023 progresses despite the substantial number of distribution and warehousing construction projects under way and efforts to reduce inventories.
Supply chainIndustrial Real Estate News

Bargain shoppers accelerate US retail inventory shift

William B. Cassidy, Senior Editor, and Cathy Morrow Roberson, JOC analyst |
As inflation-battered consumers shop for bargains, US retail discounters are expanding their distribution networks.
Industrial Real Estate News

US warehousing supply gap could emerge by late 2023: Prologis

Teri Errico Griffis, Associate Editor |
The industrial warehouse market in the US has enough supply to last through the next year, but logistics developer Prologis cautions there could be an emerging gap in capacity starting as soon as late next year.
Industrial Real Estate News

Lineage Logistics expands with new business line, storage facility in Savannah

Teri Errico Griffis, Associate Editor |
Lineage Logistics’ new business line and planned facility in Savannah builds on recent acquisitions the company has made amid an uptick in reefer storage demand.
Industrial Real Estate News

No recession for US warehouse demand: JOC Inland speakers

William B. Cassidy, Senior Editor |
Despite predictions that the US economy is headed for a recession, warehousing demand keeps mounting as different streams of goods fill available space, experts told the JOC Inland Distribution Conference.
Industrial Real Estate News

US shippers fine-tune search for warehousing space

William B. Cassidy, Senior Editor |
With US warehouses full or filling up, shippers are rethinking broader distribution strategies and basic practices such as how they stack and track goods to find the space they need.
Industrial Real Estate NewsTrucking News

US warehousing demand shifting inland: JLL

William B. Cassidy, Senior Editor |
Inventory buildup and changing inland distribution routes are setting a fire under construction of new logistics and distribution facilities in markets across the US, despite economic concerns.
Industrial Real Estate NewsTrucking News

Maersk picks NJ for fourth cold-storage warehouse

Michael Angell, Associate Editor |
Maersk’s Performance Team subsidiary said it will open its fourth US cold-storage warehouse near the Port of New York and New Jersey as it seeks to add refrigerated cargo handling to its growing suite of integrated logistics services.
Industrial Real Estate News

Lineage buys cold storage near East, Gulf coast ports

Michael Angell, Associate Editor |
Lineage Logistics is acquiring MTC Logistics, a cold storage operator with warehouses at the ports of Baltimore, Wilmington, Delaware, and Mobile.
Cool Cargo NewsIndustrial Real Estate News

US East Coast e-commerce network growth fuels imports

Michael Angell, Associate Editor |
Amazon and third-party logistics providers are busy adding distribution capacity in the eastern half of the US to take advantage of more ocean services into East Coast ports.
Industrial Real Estate News

Outlook 2022: Unrelenting US logistics real estate demand to continue through 2022

Michael Angell, Associate Editor |
US industrial real estate markets set records in 2021 for leasing activity, low vacancy rates, rental rate growth, and new construction permits, and shippers looking for warehousing and distribution space should expect more of the same in the coming year.
Supply chainIndustrial Real Estate News

Retailers expand East Coast warehousing for West Coast relief

Michael Angell, Associate Editor |
Brick-and-mortar and online retailers are growing their warehousing footprint near ports as a method to more quickly receive and handle ocean freight, and further their e-commerce goals.
Industrial Real Estate News

Warehouse woes driven by labor shortage, not capacity scarcity: economist

Bill Mongelluzzo, Senior Editor |
Warehouses at seaports and inland hubs are filled to capacity as operators find they must pay workers more competitive wages and benefits to attract the labor they need to handle peak season volumes.
Industrial Real Estate News

US importers squeezed for warehousing at ports, inland hubs

Bill Mongelluzzo, Senior Editor |
Near record-low vacancy rates at distribution warehouses throughout the US sound the alarm that shippers seeking additional logistics space for the peak season may be out of luck.
Industrial Real Estate News

8VC, Lineage partner to infuse tech into cold storage giant

Eric Johnson, Senior Technology Editor |
Supply chain-focused venture capital firm 8VC has partnered with the largest provider of cold storage facilities globally to fast-track the company’s technology development and adoption.
Logistics Technology NewsIndustrial Real Estate News