Current Events in the World of Industrial Property

The Premiere Gateway to a Growing Economy

We received this amazing video from Darla Longo at CBRE. Please click on the above image to view this fantastic video on the ports of Los Angeles and Long Beach.

Here are some key take-aways from the video:

• The ports of Los Angeles and Long Beach are currently the largest and busiest seaport complex’s in the United States.
• 50% of the goods coming through the ports of Los Angeles and Long Beach are consumed locally.
• 20 Million people live within a 50 mile radius of the ports.
• The Port of Los Angeles is investing $1.5 Billion over the next 5 years into infrastructure.
• 1.8 Billion square feet of industrial space is located within 50 miles of the ports(the largest industrial base in the world).
• Los Angeles and Long Beach shippers are currently delivering 60% of all the Pacific Rim goods purchased in the United States.
• Cargo reaches the North East within 72 hours from arriving at the ports of Los Angeles and Long Beach. This is faster than vessels can sail to the North East through the Panama Canal.

*Source: CBRE Southern California. Link

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