Only two other major “inland ports” added warehouse space faster than Metro Atlanta this year, according to the CBRE Group.
Credit goes to e-commerce and the unquenchable thirst for stuff made in Asia and shipped through U.S. seaports like Savannah. A surge in consumer goods imports translates into new warehouses and distribution centers.
Atlanta is on track this year – for the fifth year in a row – to outpace the previous year’s net absorption of warehouse space, the Los Angeles-based commercial real estate services firm reports.
“Inland port markets have recovered faster than their non-port counterparts since the Great Recession,” said Scott Marshall, a CBRE executive managing director. “These markets will hold their edge because they have sustainable advantages in their infrastructure, access to population centers and connections to major seaports to benefit them for the foreseeable future.”
The firm identifies major inland ports based on connections to seaports, transportation infrastructure and proximity to large population centers. Only the land-locked ports of the Inland Empire in California and Greenville, S.C. topped Atlanta in growth of new industrial space, CBRE says. Altlanta notched 3.6 percent growth during the first quarter of this year.
Check the Business section of myajc.com later this week to learn more about freight trends in and around Metro Atlanta.
About the Author
