Supply is already exceeding demand for space for small and mid-sized
warehouses near the port, reports Ian Grusd, CCIM, SIOR, managing director at Sperry Van Ness / Richter Grusd in Iselin, N.J..
Tight real estate markets, especially in the West Coast
ports of Los Angeles, Long Beach, Calif., and Seattle - Tacoma in Washington, have led to the higher rents for
warehouse and distribution spaces with some
near $ 10 per square foot, triple net.