JLL: The new ‘darling’ of the commercial real estate industry is…
The U.S. industrial real estate sector will grow to more than 1 billon square feet by 2025, fueled by e-commerce’s pandemic boom.

In a new report, JLL said it expects e-commerce sales could hit $1.5 trillion by 2025 — which would increase the demand for industrial real estate to an additional 1 billion square feet.

The real estate services firm said that prior to the COVID-19 pandemic, about 35% of its industrial leasing activity was related to e-commerce. Currently, however, as much as 50% of that leasing activity has already been tied to the online retail industry in 2020, JLL said....
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RSK: I do not think this is something new...it has been the darling for over a year.



- - Volume: 8 - WEEK: 29 Date: 7/14/2020 9:02:24 AM -