Our latest report, the Industrial U.S. Seaport Outlook, presents an engaging, visual representation of the key facts about the major seaports and perspective on the trends impacting these ports and the surrounding industrial real estate markets. Learn more about one of these seaports: the Port of Long Beach.
“The Port of Long Beach is the second-largest container port in the country, after the Port of Los Angeles. The port has commenced a decade-long, $4.5 billion capital improvement program to modernize by building cleaner, more efficient terminals, roads, bridges and other infrastructure. The Port of Long Beach is not only a top demand driver for the nearby South Bay market but also for other areas of Southern California, as well as major industrial markets throughout the Southwest U.S.” — Kevin McKenna, Executive Vice President | Ontario, CA
The Port of Long Beach has the deepest harbor in the U.S. at 76 feet, making it the only port in the country deep enough to handle some of the largest container ships in the world. The port can accommodate vessels capable of holding up to 18,000 TEUs. Like the Port of Los Angeles, this creates a notable advantage over many East Coast ports. The port features six container terminals, 10 piers and 66 Post-Panamax cranes.
Nearly 70% of the total loaded containerized volume at the Port of Long Beach is from imports. Top trading partner countries in 2016 were: China/Hong Kong, South Korea, Japan, Taiwan and Vietnam. Crude oil, electronics and plastics are the top imported items while petroleum chemicals and waste paper were the top exports in 2016.
Five of the six terminals at the Port of Long Beach include on-dock rail facilities, from which cargo can reach Chicago in 72 hours. Like the Port of Los Angeles, there are two Class I rail operators at the Port of Long Beach: Union Pacific and BNSF. The Intermodal Container Transfer Facility (ICTF) is only a few miles away and has improved rail service across the country and between the ports of Los Angeles and Long Beach and major nearby rail yards.
REAL ESTATE IMPACT:
Like its sister port in Los Angeles, the Port of Long Beach is surrounded by the largest industrial markets in the country. But the Greater Los Angeles market is not the only market that relies on imports from the ports of Long Beach and Los Angeles to stock its warehouses. Industrial markets throughout the Southwest U.S. are serviced by the ports.
One such growth market is the Greater Phoenix Area. Greater Phoenix was named one of the 10 emerging industrial markets to watch in 2017 because of its central location, which can be accommodated by both the ports of Long Beach and Los Angeles.
To learn more, explore the Industrial U.S. Seaport Outlook.