There is an unrelenting desire by warehouse users to occupy properties within close proximity to Los Angeles’ ports – where 40 percent of all containerized cargo enters the United States. Vacancy rates remain historically low in the Southern California Industrial Real Estate market, however, a flattening of cargo activity at the local Los Angeles and Long Beach ports may spell a warning for the area’s outlook in 2008. The fact remains, though, that the two ports ranked first in the nation for container activity in 2006, placing 5th in the world. In the above aerial photo, industrial parcels are outlined in green.
Los Angeles has one of the largest and busiest ports in the United States. Development of intermodal facilities, where shipping containers are transferred between rail and trucks, and adjacent logistics parks is a trend that is being seen across the country. Intermodal container shipments increased 37% in the last 5 years. The vast majority of goods manufactured in Asia arrive in ports on the west coast. This trend is changing the face of the bulk distribution sector. For more information on the Port of Los Angeles.