Transport und Logistik
The shipping industry has long anticipated the ramifications of an expanded Panama Canal capable of accommodating higher volume and larger ships. Finally, after $5.4 billion in costs and more than two years in delays, the first “Neo Panamax” ship traveled through the Panama Canal’s third lock on June 26, 2016.
Gaming and media companies continued to be the main contributors to office leasing activity during Q4, 2021. The Los Angeles office market experienced minor positive net absorption for the first time since the start of the pandemic.
The Denver office market continues to feel the effects of the coronavirus pandemic. While 2021 ushered in widespread vaccinations and a return-to-office initiative for many businesses, headwinds from the delta variant, followed soon after by the omicron variant, have dampened momentum.
We are pleased to announce the new Co-Chairs and members of Cresa’s Industrial Leadership Council, who will take responsibility for leading the platform initiatives of Cresa’s Industrial practice in 2022.
The Metro Area office availability rate dropped 40 basis points during the quarter to 7.7%, compared to 8.1% in Q3, and 7.6% a year ago. Warehouse markets also saw lower availabilities, falling 70 basis points, finishing the quarter at 1.7%.
As part of Cresa’s Diversity, Inclusion and Belonging efforts, Cresa CEO Tod Lickerman has recently signed the CREW Network CRE Pledge for Action and the CEO Action for Diversity & Inclusion™.