Due to significant investments in infrastructure, new trade policies, and agreements, and more advanced supply chains and technologies, over the next decade, 20 markets worldwide, including Philadelphia and South Florida in the U.S., are set to emerge as global logistics hubs, according to a new report from CBRE Group.
South Florida, the region that includes the Dante B. Fascell Port of Miami and Port Everglades (Fort Lauderdale), will prosper thanks to investment in transportation infrastructure both locally and abroad, like the widening of the Panama Canal.
The eastern Pennsylvania region is anchored by Philadelphia and fueled by the growth of the Lehigh Valley. “Eastern Pennsylvania has easy access to the major East Coast ports in New Jersey, Pennsylvania, and Maryland, which, combined, handle the second-most TEU volume in the U.S., and an abundance of well-located land suitable for the extra-large distribution centers favored in the retail supply chain,” says David Egan, Americas head of industrial research for CBRE.“The market is the fastest growing in the U.S. and quickly becoming the main bulk distribution location in the eastern U.S.”
To see the full report, click below.