The widening of the Panama Canal and the continuing progress in the gloabalization of freight will have a tremendous impact on Florida and the Tampa Bay area. According to industry experts the principle ports that will benefit from the Panama Canal widening are ports in the East Coast, beginning with New York, New Jersey, coming down to Hampton Roads, Savannah, Charleston, ports in Florida and the Gulf Bay.
In the past large container ships had to offload in California and the freight was trucked to the East Coast. The industrial real estate sector will benefit from modern distribution facilities that will be required to service the freight
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