A recent analysis by CoStar Analytics says that there are record numbers of large industrial properties near major U.S. seaports.

It's a flip of recent experience. "In some markets, such as Los Angeles and Northern New Jersey, it was extremely difficult to secure any major spaces in the mid-pandemic boom in imports from 2021 through early 2022." There was too much demand, especially in the wake of pandemic-related supply chain disruptions, as large volumes of shipments were held off-shore for lack of truck transportation and ready availability of sufficient warehousing.

"However, both the doubling of average industrial rents in many port-adjacent locations and the unprecedented wave of distribution center development have upended these tight market dynamics," CoStar wrote. "In the current market, large tenants seeking industrial space near the busiest U.S. seaports have more options than at any point in at least 20 years."

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