### Ports of Los Angeles and Long Beach See Increased Traffic but Rising Vacancies
The Ports of Los Angeles and Long Beach led the nation in cargo volume for 2024, surpassing the national average for year-over-year growth, according to a report by Colliers. The two ports handled 19.9 million twenty-foot equivalent units (TEUs), reflecting a 20% increase compared to the 12% growth reported across the nation’s 12 largest ports. This volume was more than double that of the Port of New York and New Jersey.
However, the Greater Los Angeles ports also experienced an increase in vacancy rates. A surge of 91.5 million square feet of new industrial supply contributed to a 460-basis-point rise in vacancy between 2022 and 2024, while net absorption during that period was only 11.4 million square feet.
“Increased Port volumes are good news for the market, being the primary industrial drivers,” noted Colliers in its **2025 U.S. Seaports Outlook**. “Balance will return when limited new supply and rebuilding industrial demand reduce uncertainty.”
