Warehouses are the new darling of commercial real-estate thanks to a surge in e-commerce, with firms like Macy’s and Boeing selling while Amazon snaps space up

Published on:

The coronavirus crisis has caused commercial real-estate sales and leasing to grind to a near halt, but industrial space remains resilient. Warehouses, which cater to growing e-commerce and logistics sectors, continue to find users and buyers.  Experts say the coronavirus crisis has accelerated an ongoing transition of consumer spending from brick-and-mortar to online shopping, creating demand for tens of millions of square feet of warehouse space. The country’s largest industrial owner believes that the pandemic could create demand for over 500 million square feet of new industrial space in the next five years.  Click here for more BI

Read more    Source: businessinsider.com

Leave a Reply