Philadelphia named as one of three U.S. emerging global logistics hubs over the next decade​ in recent CBRE report

PHILADELPHIA, Pa /CBRE Press Release/ - Over the next decade, 20 markets worldwide—including Philadelphia, Seattle and Miami—are set to emerge as global logistics hubs, according to a new report from CBRE Group, Inc. These emerging locations share a number of characteristics, including significant investments in infrastructure, new trade policies and agreements, and more advanced supply chains and technologies.

The Eastern Pennsylvania region, anchored by Philadelphia and fueled by the growth of the Lehigh Valley, is an example of a hub that has been transformed by the rapid growth of advanced technologies. This mid-Atlantic location enjoys access to more than 100 million people within a one-day drive, including key metropolitan areas such as New York, Washington, D.C., and Boston.
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Eastern Pennsylvania has easy access to the major East Coast ports in New Jersey, Pennsylvania and Maryland, which, combined, handle the second-most Twenty-foot Equivalent Unit (TEU) volume in the U.S., and an abundance of well-located land suitable for the extra-large distribution centers favored in the retail supply chain. The market is the fastest-growing in the U.S. and quickly becoming the main bulk distribution location in the Eastern U.S.

​“We’re truly a region on the rise, in terms of our profile in  the global logistics supply chain,” said Ian Anderson, Director of Research and Analysis for the Greater Philadelphia area. “The level of demand for logistics space we have experienced has been remarkable, and it remains as strong as ever. ” 

Click here (via CBRE) to access the full report. ​

CBRE Global And Emerging Logistics Hubs Summary:
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Over the past 35 years, global trade has increased by nearly 600%, propelling the growth of logistics hubs in virtually every country around the world.

These hubs are connected via hub-and-spoke systems centered around 30 global logistics hubs—including the likes of Los Angeles, Chicago, Hong Kong, Tokyo, London and Paris—that form the backbone of today’s global supply chain. 

​​Full Summary

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Infographic by CBRE

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CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

Full Press Release/Source

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Related Links:
12/21/2015 - Philadelphia Named Top Emerging Logistics Hub via Select Greater Philadelphia
11/19/2015 - The Next Global Logistics Hubs via The Wall Street Journal
06/26/2015 - Report: Pennsylvania among top five states for logistics via Central Penn Business Journal