Issues with the Panama and Suez Canals just started heating up in the last few weeks, but they have the potential to dramatically affect the commercial real estate investment climate throughout the coming year and even beyond that.
John Chang, National Director of Research and Advisory Services, Marcus & Millichap, explained in a recent news video the firm produced that the net impact of these shipping disruptions has been a sharp increase in container shipping costs.
The cost of shipping a container from China to the US West Coast has increased by $1,000 in the last month from about $1,700 in December to about $2,700 in January.
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