Oct
28

Charleston Mentioned in Emerging Trends 2012

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From the recently released Emerging Trends in Real Estate 2012:

Global trade will power export activity around the nation’s primary seaboard ports, where traditional big-box warehouse distribution assets rebound after experiencing  uncomfortably high vacancies. All eyes focus on which East Coast cities can position themselves to capture Pacific container-ship traffic slated to come through a widened Panama Canal in 2014. Some winners will turn into new industrial hubs, but first need to dredge harbor channels to handle deep-hulled vessels. Miami, Charleston, Savannah, and Norfolk look like prime contenders, and New York/New Jersey will not be left out. Houston should pick up business along the Gulf Coast.

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