St. Louis Regional Freightway: The Year in Review
The St. Louis Regional Freightway has compiled a summary of the major developments over the past year that either elevated the St. Louis region’s global status as a world-class freight hub or will help to advance the region’s position as the country’s freight nexus in the year ahead.“From mega projects breaking ground and global companies choosing to invest here, to newly formed partnerships that strengthen the bi-state region’s role in national and global supply chains, there was much to be excited about in 2019…
Seaport Real Estate Continues to Outperform Overall Industrial Market
Jones Lang LaSalle’s third annual Port, Airport and Global Infrastructure (PAGI) report published today, reveals that even amid economic volatility, real estate in the markets surrounding the country’s seaports is leading the U.S. industrial real estate recovery. Overall vacancy rates for seaports have dropped from last year by 1.4 percent to 8.5 percent, outperforming the 9.7 percent vacancy rates held by the general industrial real estate sector. “Even with a myriad of global economic challenges, seaport industrial real estate has continued to retain its premium value over inland industrial locations,” said John Carver, head of Jones Lang LaSalle’s Ports Airports and Global Infrastructure team.
