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

US warehouse development shifting from e-commerce back to import logistics

Bill Mongelluzzo, Senior Editor |
After 10 consecutive months of record or near-record import volumes, and seaport-dependent supply chains struggling with congestion, developers this year are focusing on traditional warehouse and import distribution space.
Industrial Real Estate News

New warehousing blooming across Savannah

Ari Ashe, Senior Editor |
With phase 1 of the Georgia International Trade Park now complete and a new headquarters for Port City Logistics being built a few miles from the trade park, the Savannah area is adding new warehousing and distribution capacity at a time when space is especially tight.
Industrial Real Estate News

COVID-19 sparks fresh investment in Asia warehouse capacity

Keith Wallis, Special Correspondent |
Demand for distribution centers and warehouses in Asia is set to climb as firms reappraise supply chains, increase inventories, and diversify into other countries after the disruption caused by the global COVID-19 pandemic.
Industrial Real Estate News

2020 JOC Warehousing Service Providers Directory

JOC Staff |
Each year JOC publishes a directory of nearly 200 warehousing service providers across the United States to help beneficial cargo owners and transportation providers find warehousing capacity as needed.
Industrial Real Estate News

US fashion footwear freight slows to a halt

Ari Ashe, Senior Editor |
While truck activity is rampant for essential goods, US fashion footwear freight movement is slowing to a halt as department stores shut down, according to supply chain executives.
Industrial Real Estate News

Maersk acquisition deepens North American warehouse reach

Eric Johnson, Senior Technology Editor |
Maersk is more than doubling its warehousing and distribution assets in North America through an acquisition that serves as another signal of its commitment to transition from container line to integrator.
Industrial Real Estate NewsContainer lines

Texas inland port to offer rail link to Mexican manufacturers

Hugh R. Morley, Senior Editor |
The developer of a Texas industrial park scheduled to open in early 2021 says it will work with Kansas City Southern of Mexico to offer a shorter, cheaper way for Mexican manufacturers to ship goods to Houston and other Texas markets.
International railIndustrial Real Estate News

ARO 2020: US warehouse lease rates set to keep rising

Bill Mongelluzzo, Senior Editor |
With the US-China trade war still unresolved and demand growth waning, developers in 2020 will be more cautious in bringing new logistics space online than they have been during the boom times of the past six years.
Industrial Real Estate News

NY-NJ faces cold storage space scarcity

Hugh R. Morley, Senior Editor |
Shippers and logistics providers are finding it difficult to secure refrigerated warehousing around the Port of New York and New Jersey as consumer demand for food and perishables sold via e-commerce increases.
Industrial Real Estate News

New space won’t reverse climb in US warehouse rents: report

Bill Mongelluzzo, Senior Editor |
New warehouse and distribution space in Q3 2019 exceeded demand for the first time in nine years, and the excess supply will slow the pace of growth in rents and absorption of new space into 2020, according to Cushman & Wakefield.
Industrial Real Estate News

Monterrey inland port bucks slowing auto production

Hugh R. Morley, Senior Editor |
Industrial Real Estate News

E-commerce helps boost small warehouse demand, rents

Hugh R. Morley, Senior Editor |
Demand from e-commerce and other companies has pushed up rents and reduced availability of smaller warehouses over the last five years more than for larger spaces, according to a new report.
Industrial Real Estate News

DHL looks to capitalize on growing El Paso market

William B. Cassidy, Senior Editor |
A bigger footprint in El Paso, Texas, will help the freight forwarding arm of Deutsche Post DHL reach more shippers in the US and Mexico.
Industrial Real Estate NewsAir Cargo

Multi-story warehouse opening near NY-NJ’s Red Hook terminal

Hugh R. Morley, Senior Editor |
Fierce competition for warehouse space in and around New York and a lack of land on which to build has prompted developers to construct multi-level warehouses to meet the industrial space demands of logistics companies, shippers, and e-commerce business.
North American portsIndustrial Real Estate News

Mexico City warehouse market unfazed by slow economy

William B. Cassidy, Senior Editor |
Centralized cargo consolidation makes Mexico City dominant in industrial development, but growing port volumes may change that over time.
Industrial Real Estate News

Port growth pushes Jersey space availability to 13-year low

Hugh R. Morley, Senior Editor |
A new study shows a growing percentage of the Port of New York and New Jersey drayage fleet is making its first stop close to the port, an apparent reflection of the desire by shippers and logistics providers to use near-port warehouse space. That demand continues to create a tight market, with lease rates hitting new highs in the second quarter.
North American portsIndustrial Real Estate News

Cooling warehouse market gives shippers limited relief

Bill Mongelluzzo, Senior Editor |
The prolonged rent increases over the past decade for logistics space are beginning to moderate, although growing imports and strong demand for e-commerce fulfillment space in the largest seaport cities will keep industrial real estate development robust through the end of the year.
North American portsIndustrial Real Estate News

E-commerce growth hits real-world transport obstacles

William B. Cassidy, Senior Editor |
DHL Supply Chain Research finds businesses of all types struggling to keep up with the pace of e-commerce as they work to realign supply chain and transportation networks.
Logistics Technology NewsTrucking NewsIndustrial Real Estate News

Warehouse vacancy low despite ‘unprecedented’ construction

Hugh R. Morley, Senior Editor |
Strong demand for warehouse space fueled by booming e-commerce and the third-party logistics providers that serve it means high levels of warehouse development have not lowered vacancy rates, or made it easier for shippers to find space.
Industrial Real Estate News

US warehouses, ports prep for reefer volume boom

Ari Ashe, Senior Editor |
Commercial realtor CBRE forecasts refrigerated warehousing will increase 30 to 40 percent over the next five years, even though the rapid supply and demand imbalance in warehousing overall is flattening.
Industrial Real Estate News

Newark land seizure opens port warehousing potential

Hugh R. Morley, Senior Editor |
A proposal from the City of Newark would see dozens of underused and vacant land plots near the Port of New York and New Jersey redeveloped to create port-related warehousing and logistics facilities.
North American portsIndustrial Real Estate News

HK logistics firms eye South China FTZ

Keith Wallis, Special Correspondent |
Shipper interest in a free trade zone in Zhuhai, China, is being driven by a shortage of logistics space and rocketing rental prices across the Pearl River in Hong Kong.
Industrial Real Estate NewsTrucking News

New service fueling Savannah port’s reefer growth

Ari Ashe, Senior Editor |
The first Central American vessel as part of two vessel strings from Seaboard Marine to the US East coast visited Savannah this week, a growing trade lane that has generated a 70 percent increase in imports in Georgia since 2014.
North American portsIndustrial Real Estate News

On-demand warehousing nabs more funding

Eric Johnson, Senior Technology Editor |
The pioneer in on-demand warehousing, Flexe, nabbed $43 million in venture capital funding to build out its short-term spot contract logistics marketplace.
Logistics Technology NewsIndustrial Real Estate News

Rising US retail inventories set stage for transport pullback

William B. Cassidy, Senior Editor |
US containerized imports from Asia dropped 0.5 percent year over year in the first quarter of 2019, after rising 15.5 percent in the fourth quarter, according to the PIERS data, a sister product of JOC.com within IHS Markit
Industrial Real Estate NewsMaritimeTrucking News

US warehouse demand shows signs of cooling

Hugh R. Morley, Senior Editor |
The eight-year trend of declining industrial space availability could soon be over, with a more even balance between the demand for space and the amount of new space completed, even as rents continue to go up.
Industrial Real Estate News

2019 Warehousing Service Providers Directory

JOC Staff |
Each year JOC publishes a directory of nearly 200 warehousing service providers across the United States to help beneficial cargo owners and transportation providers find warehousing capacity as needed.
Industrial Real Estate News

Ryder expands Mexican warehousing as cargo demand rises

Hugh R. Morley, Senior Editor |
Ryder is creating new space in four warehouses and upgrading a trucking yard in Mexico to meet the country’s growing demand for industrial space, especially near the US border.
Industrial Real Estate News

US mega distribution hubs weather e-commerce boom

Bill Mongelluzzo, Senior Editor |
Mega-box warehouses of 1 million square feet and larger offer the size and efficiencies that are necessary for efficient e-commerce fulfillment, but finding sites in urban areas large enough to support the sprawling facilities can be problematic.
Industrial Real Estate News

Imports squeezing US Gulf warehousing space

Bill Mongelluzzo, Senior Editor |
Import demand growth in the region is improving prospects for already strong exports of petrochemical, agricultural, and forest products, which had previously been limited by a shortage of empty containers.
Industrial Real Estate News

Freight growth drives Mexican warehousing boom

Hugh R. Morley, Senior Editor |
Space taken by shippers and transportation providers accounts for an increasingly large share of the tightening Mexican industrial real estate market, which offered low vacancy rates and high rental costs in 2018.
Industrial Real Estate News

LA-LB port warehousing nears limits

Bill Mongelluzzo, Senior Editor |
The US-China trade war may be a one-off event, but it highlighted the tenuous balance of warehouse supply and demand in Southern California and New York-New Jersey, where future trade or weather events could result in meltdowns.
North American portsIndustrial Real Estate News

US warehouse rents, scarcity rising in 2019

Bill Mongelluzzo, Senior Editor |
Users of industrial space who are looking for the right location for additional space must be prepared to pay more, sector analysts say.
Industrial Real Estate News

Large US warehouse rent rise fails to blunt demand

Bill Mongelluzzo, Senior Editor |
Historically, when warehouse/industrial rental rates increase at near double-digit levels, it reduces demand. However, as the US economic expansion continues, that is not occurring, especially near seaports and in large inland hubs, where import distribution and e-commerce fulfillment needs are the greatest.
Logistics Technology NewsTrucking NewsIndustrial Real Estate News

Inland port serving NY-NJ moves forward

Hugh R. Morley, Senior Editor |
Shippers that use the Port of New York and New Jersey may find that Syracuse offers an attractive option once a rail-linked inland port is built. But will its lower rent offset higher logistics costs?
North American portsIndustrial Real Estate NewsRail News

Hot Mexico City warehousing market squeezes shippers

Hugh R. Morley, Senior Editor |
Shippers looking to move cargo to, from, or through Mexico will likely face a challenge finding warehouse and logistics space, as vacancy rates in some areas have hit their lowest levels in six years.
Industrial Real Estate NewsBreakbulk News

Building boom not likely to ease NY-NJ warehouse rate pressure

Hugh R. Morley, Senior Editor |
Shippers and logistics providers seeking warehouse space in the Port of New York and New Jersey area amid rising rents and declining vacancy rates are unlikely to see near-term relief, even as more than a dozen projects will add more than 12 million square feet to the market, real estate brokers say.
North American portsIndustrial Real Estate News

US warehouse and distribution rents rise as vacancy rates dip

Bill Mongelluzzo, Senior Editor |
Beneficial cargo owners looking for industrial space face one of the tightest US real estate markets in years, especially in large seaport and inland cities, as growth in traditional import logistics and e-commerce is creating especially strong demand in large population centers.
Supply chainIndustrial Real Estate NewsBreakbulk News

3PLs hope JNPT speedy import customs change attracts shippers

India Special Correspondent |
Heeding requests from the third-party logistics providers community involved with container freight stations, the customs agency put aside a decree restricting storage of direct port delivery containers left uncleared by consignees at the wharf, to a single, port-designated off-site depot, and instead reopened that business to all storage yards in and around the port.
Industrial Real Estate News

2018 Warehousing Service Providers Directory

JOC Staff |
<p>Here is a directory of more than 175 warehousing service providers across the United States.</p>
Logistics Technology NewsIndustrial Real Estate News