The National Observer | Real Estate Edition | Dec. 2 | Port volume shift spelling change for industrial

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Port volumes in recent months have seemingly shifted west to east.

The ports of Los Angeles and Long Beach in southern California remain the busiest trade gateways into the United States on a combined basis. But the single busiest port in the U.S.?has, for the past three months, been on the East Coast .

The Port of New Jersey and New York handled 18.9% more cargo in October 2022 than it did in October 2019. It moved 792,548 twenty-foot equivalent units, or TEUs, last month.

At the Port of Los Angeles, total container counts were 678,429 last month, a 25% decrease from October 2021. Long Beach handled 658,428 TEUs in October, a 16.6% decrease from the same month a year prior.

Industrial market growth has also similarly grown at East Coast ports, including the Port of New Jersey and New York, not to mention small but burgeoning entry points in Charleston, South Carolina, and Savannah, Georgia. And while the southern California ports are widely expected to always be premium warehouse markets, given their proximity to Asia and major population centers there, it's worth watching how cargo shifts may reshape Gulf and East Coast industrial markets.

Here are other top real estate stories from around the ACBJ network:

1. A developer pitching to spearhead a redevelopment in Atlantic City, New Jersey, worth billions of dollars is calling for increased transparency in the project's selection process.
2. The former site of the Miami Herald in Miami is on the market for $1 billion .
3. Northwood Investors LLC?paid $715 million for the Fifth + Broadway development in Nashville, Tennessee, a 6.2-acre site that includes apartments, office space, retail, a food hall, a rooftop music venue and the National Museum of African American Music.
4. The city of Concord, California, and the team selected last year to remake a 2,300-acre portion of the decommissioned U.S. Navy outpost have agreed on a new plan for the site , which calls for additional housing.
5. In the wake of a slowing housing market, newly minted real estate agents are being put to the test .
6. Why one of the world's largest construction companies believes materials pricing may've finally hit its peak .
7. The city of Cambridge, Massachusetts, is weighing a measure to require all major buildings to be net-zero by 2035, but some say aggressive infrastructure upgrades would be needed to hit that deadline.
8. Which major U.S. office markets have seen their sublease inventory grow the most since the Covid-19 pandemic?

Built by Ashley Fahey, editor of The National Observer: Real Estate. Reach me with tips, questions and feedback at?[email protected]