LOS ANGELES-Booming imports at the Port of Los Angeles could be a harbinger of similar demand for national and regional warehouse space, says a Jones Lang LaSalle analysis.
Local imports increased 34.1% in February, 2013 in a year-to-year comparison with 2012, according to JLL. January, 2013 was also up 4.4% year-to-year. Southern California ports handle 40% of the nation's imports, with China accounting for 55% of that market share.
While, like mutual funds, past import performance is not necessarily indicative of future success, the imports surge is a positive indicator for warehouse leases.
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