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The Panama Canal's Impact on U.S. Industrial Real Estate2011-05-10T05:00:00Zpdf795369Free to Airhttp://www.jll.com/united-states/en-us/Research/Panama-Canal-expansion.pdf/united-states/en-us/research/1059/the-panama-canal-impact-on-us-industrial-real-estateThe Panama Canal's Impact on U.S. Industrial Real EstateThe Panama Canal expansion has already altered the maritime industry, but its impact on industrial real estate will also be dramatic.

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The Panama Canal expansion has already altered the maritime industry, but its impact on industrial real estate will also be dramatic

The expansion of the Panama Canal by way of a new, third set of locks is a reaction to the growth and evolution in the global movement of goods and materials by shipping container. It is predicated on the economies of scale that can be gained through the utilization of larger container ships, thus delivering cost savings to companies and carriers needing to quickly get product to market.

While the implications of the Panama Canal's new set of locks and changing dynamics in the maritime industry are already broad, the eventual impact on the industrial real estate landscape in the United States will be just as significant.

The expansion of the canal has already sparked competition for port market share and the need for capital investment in projects like channel dredging to accommodate larger ships with deeper drafts, but it also has the potential to shift the flow of goods as they are moved throughout the United States - and thus where warehouses and distribution centers may be needed.

The white paper explores the impact of the canal's expansion on industrial real estate demand and development, especially in an environment of rapidly increasing fuel and transportation costs.

Featured video

May 06, 2011

The impact of the Panama Canal expansion on the global supply chain

Craig Meyer outlines how the new set of locks at the Panama Canal will allow larger container ships to transit, significantly influencing the cargo volumes that will be seen at East Coast ports in the U.S.

View the video

 

 

Panama Canal Expansion... and what it means/united-states/en-us/research/3561/panama-expansion-and-what-it-meansPanama Canal Expansion... and what it meansWe traveled to Panama to learn first-hand how the expansion impacts demand for industrial real estate in the U.S.0x01010063443623C9F9004FA21AA8EABD6132C8000851401DB574D24C94EA00A23083F526

Contacts

Aaron Ahlburn

Managing Director, Industrial & Logistics Research

+1 424 294 3437

aaron.ahlburn@am.jll.com

Craig S. Meyer, SIOR, FRICS

President, Industrial Brokerage

+1 424 294 3460

craig.meyer@am.jll.com

Richard Thompson

International Director

+1 773 458 1385

rich.thompson@am.jll.com