Chris Jackson

Any one that has followed the industrial market for the last fewyears knows that ecommerce has created the heyday of industrialreal estate. The industry has created tremendous demand forindustrial space and has driven vacancy rates to historic lows—sub1% in certain L.A. submarkets—creating a frenzy for more space.Now, ecommerce might be helping to increase the supply.Brick-and-mortar retail closures are beginning to turn intoindustrial downsizing, since fewer fulfillment centers are neededto supply brick-and-mortar locations.

“I represent some large corporations, and they have told me thatbecause online sales are killing their business, they are cuttingback on brick-and-mortar retail locations as well as thedistribution and fulfillment facilities that support thoselocations,” Chris Jackson, an executive managingdirector at NAI Capital, tells GlobeSt.com. “Ithink you are seeing that across the board.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.