Baltimore Inner Harbor.
BALTIMORE—Distribution networks are targeting the Port ofBaltimore as a key fulfillment hub for the Baltimore-Washingtonsuper-market and that is having an effect on the surroundingindustrial markets, according to a research note by JLL. This hasbeen a trend in the making since 2013. Over that time period,container traffic flowing into the Port of Baltimore has increased51%, JLL reports—flows that are partially stemming from increasedWest Coast port congestion, which has pushed vessels originatingfrom Asia to call East Coast ports via the newly expanded PanamaCanal.
“Due to this shift in strategy, both logistics companies andtraditional retailers have contributed to record real estate demandin Port-adjacent nodes specifically relying upon the Port ofBaltimore's ability to handle post-Panama Canal expansion vesselsand its strategic location along I-95,” JLL writes.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
