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Kurt Strasmann Kurt Strasmann is a executive managing director at CBRE.

Online returns a creating more demand for industrial warehouse space located near population centers. According to research from CBRE, items bought in stores have an 8% return rate, while items bought online have a 15% to 30% return rate. Return rates are increasing as online shopping rates increase. Last year, Southern California online retail sales hit $352 billion, a $3 billion year-over-year increase. At the same time ecommerce-related industrial deals in Southern California increased 74%. The report attributes the increase almost entirely to online sales activity.

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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