Is The Ship Sinking?

The Real Estate Espresso Podcast

Is The Ship Sinking?

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Welcome to the Real Estate Espresso Podcast, your Morning Shot of what’s new in the world of real estate investing. I’m your host, Victor Menasce.

On today’s show, we’re talking about the movement of goods entering in and out of the United States and how it might affect industrial real estate and jobs. The mainstream media have been widely reporting that shipping imports to the US are down by 64 percent in the first couple of weeks of April. This is an example of how statistics can be used to sensationalize a narrative.

Compared with the last week of March, it’s true – shipments are down 64 percent from the week earlier. It’s also true, but not widely reported, that shippers were rushing to complete imports to the US ahead of the April 2nd tariff deadline. When you look at the long-term averages, the number of ships leaving port for the US in early April is down about 10 percent…

Proposed Tariffs and Policies

Last week, the US unveiled its new maritime policy which is intended to remove China’s dominance of the global merchant marine fleet. The US produces less than one percent of the new ships globally each year, and China produces about half of the world’s ships, which equates to China manufacturing 50 times more ships than the US…

The Impact on Real Estate

As long as the United States maintains both a political and financial will to see this infrastructure rebuilt in the United States, we can expect to see demand for both industrial and commercial real estate in the locations where those new shipyards are going to be built. That represents an opportunity for real estate investors…

As you think about that, have an awesome rest of your day. Go make some great things happen, and we’ll talk to you again tomorrow.

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