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Southeast US Warehousing Markets Expect Benefit As Supply Chain Turn to China+1 Strategies

July 14, 2020 / Matt Leonard
SHARESHARESHARE

As companies reevaluate their supply chains and turn to China+1 strategies — with sourcing in Europe and parts of Asia that can access the U.S. fastest through the Suez Canal — the American Southeast and Gulf Coast are expected to benefit from increased import volume, according to a new report from CBRE, "The Changing Flow of International Trade." "While we will not see a widespread exodus from China, we will see a shift in trade patterns that will trigger broader effects on U.S. supply chains, including increased industrial distribution development and increased domestic manufacturing," John Morris, the executive managing director for Americas industrial and logistics for CBRE, said in a statement. The Southeast closed the first quarter of 2020 with the top three fastest-growing industrial real estate markets: Savannah, Georgia; Greenville, South Carolina; and Charleston, South Carolina. CBRE measures growth as net absorption as a percentage of overall inventory.