An ever-growing consumer appetite for e-commerce has stoked record demand for warehouses and other logistics infrastructure
Despite the COVID-19 pandemic, or, rather, because of it, e-commerce powered a banner year for warehouses and the industrial real estate sector in 2020.
“E-commerce was the trend of last year,” said Carolyn Salzer, senior research manager of industrial logistics at Cushman & Wakefield, the commercial real estate services firm headquartered in Chicago. “It’s been really coming up in the past few years, but the acceleration exacerbated by the pandemic has just set unprecedented levels of absorption and leasing activity.”
In fact, the final quarter of 2020 was the strongest on record...
...more“E-commerce was the trend of last year,” said Carolyn Salzer, senior research manager of industrial logistics at Cushman & Wakefield, the commercial real estate services firm headquartered in Chicago. “It’s been really coming up in the past few years, but the acceleration exacerbated by the pandemic has just set unprecedented levels of absorption and leasing activity.”
In fact, the final quarter of 2020 was the strongest on record...
RSK: And guess what...SE & SC Wisconsin is included in part of the Chicago distribution area.
Ken Notes: This will continue to get more local as e-commerce moves to even larger items and competes in appliance and auto markets. Also watch for a "pick up center" rather that to you porch. This will be driven by cost but Amazon and others will blame crime and will have hundreds of "ring" videos to prove they are justified.
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- - Volume: 9 - WEEK: 16 Date: 4/13/2021 6:14:00 AM -