Will Wilmington NC See Growth From Carolina Connector?

Will Wilmington NC See Growth From Carolina Connector?

The Journal of Commerce has a recent article, NC Ports adds Midwest rail access with CSX service, highlighting how “The North Carolina State Ports Authority (NCPA) on Thursday announced the start of the Wilmington Midwest Express, a new daily service that will bring ocean containers to Chicago, northwest Ohio, and St. Louis. The new CSX service will route containers through the Carolina Connector Intermodal Rail Terminal in Rocky Mount, North Carolina, which opened last month. The Wilmington Midwest Express offers five-day service to Chicago and Ohio, and seven-day service to St. Louis.”

While the greatest impact on the Wilmington NC real estate market is likely to be for additional industrial real estate, primarily warehouse and refrigerated warehouse space, the long-term effect of additional commerce at the Port of Wilmington could spillover into the commercial and residential real estate market.

Though the new rail service will likely impact the Wilmington NC market, the Rocky Mount area will likely see the greatest change as all the service will go through the Carolina Connector.