What to Expect Post Panamax

Next year, the Panama Canal will be able to handle ships carrying up to 14,000 containers (previous max: 4,000), making shipping from Asia to the East Coast totally doable and opening doors for its ports beyond the industrial sector, says Keller Williams’ Diego Leiva. He expects more manufacturing jobs near ports in order to trade on the Made in the USA stamp. We snapped Diego at a recent EisnerAmper event at its 750 Third Ave office. (Despite our suspicion, reports state that Diego isn't the "man" in the palindrome "A man, a plan, a canal, Panama!")

Mintz Levin real estate head Jeff Moerdler, who also sits on the Port Authority board of commissioners, says a wider Panama Canal will mean fewer (though larger) vessels, which is great for the environment. At the Port of New York and New Jersey (the third largest in the country and the largest on the East Coast), 1,400 acres are dedicated to container operations, and 5.5 million containers make their way through every year.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

How AI Is Reshaping Brokerage Operations And Investor Portfolios

Meet The Early Movers In America's $3T Push For Manufacturing Construction

NYC Is Building Hotels Again. It May Not Be Enough

Developers Scheme To Build More Housing Units As NYC's Tax Incentive Ages

Rates, Rents And AI Risks: Peter Linneman's Warning For CRE

Clarion Hires Prologis Executive To Lead Power Strategy

Logistics Company Buys Land For 1.2M SF Phoenix Industrial Park

Delaware Statutory Trust Fundraising Jumps 27% From 2025

Tishman Speyer Retakes Chrysler Building, Plans $235M Renovation

Activist Investor Buys Stake In Empire State Building Owner

DRA Buys Stake In 1301 Sixth Ave. At $1.3B Valuation: The N.Y. Deal Sheet

DHS Buys 3 More Detention Facilities From The Geo Group For $950M