The Port of Oakland could help to relieve some of the pressure on the Ports of Los Angeles and Long Beach, according to a new report from Marcus & Millichap. The Southern California ports are currently in the midst of a crisis-level bottleneck with some 80 ships waiting off of the coast to unload. The line has caused national attention as many people fear that goods won't be on the shelves in time for Christmas.

The Port of Oakland had a similar issue in the summer, when there was a backlog of 28 ships waiting to unload. The port managed through the challenge, and now has capacity to help unload ships, according to the report. The Port of Oakland might also see an increase in cargo volumes due to local needs for increased inventory.

The supply chain issues along and local storage demands will drive continued growth in the Bay Area for warehouse space, which the report says will "buoy" the market through the end of this year and 2022. The return of tech companies to the office will also fuel warehousing demand and help absorb speculative space from new construction deliveries.