Tag Archives: Panama Canal

How the revamped Panama Canal is a game-changer for North America

0 CommentsBy

Article by JLL staff reporter

JLL Real Views

The revamped gateway between the Atlantic and Pacific is larger than ever, and so is its impact on the North American shipping industry.

When the $5 billion Panama Canal Expansion Project was completed last summer, boasting wider, deeper lanes and an additional lane of traffic, it opened up… Read More

2017 PAGI Seaport-Top 5 Trends

0 CommentsBy

JLL’s 2017 PAGI Seaport report includes the top five trends. As the global shipping industry continues to shift through bankruptcies, mergers and alliances, competition between ports is heating up. The completion of the Panama Canal expansion opened up new opportunities for East Coast ports.

New Jersey’s market conditions:

  • Over the past year, rents increased at a dramatic rate, as vacancy fell to new cycle lows. Demand for industrial space remained iron-clad as users
  • Read More