The Ports of Los Angeles and Long Beach not only ranked at the top for cargo volume in 2024 but also excelled the national average for year-over-year growth, Colliers reported. The two seaports handled 19.9 million twenty-foot equivalent units (TEUs) in 2024, representing a 20% Y-O-Y increase, compared to 12% growth for the nation’s 12 largest ports. 2024 cargo volume was more than double that of the Port of New York and New Jersey.

That said, the Greater Los Angeles ports faced an uptick in vacancy. An influx of 91.5 million square feet of new industrial supply was the primary driver of a 460-basis-point vacancy increase between 2022 and 2024, with net absorption of just 11.4 million square feet during the same period.

“Increased Port volumes are good news for the market, being the primary industrial drivers,” according to Colliers’ 2025 U.S. Seaports Outlook. “Balance will return when limited new supply and rebuilding industrial demand reduce uncertainty.”

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