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The pandemic has spurred tremendous ecommerce activity. In fact, some CRE players are calling the market boost the silver lining of the pandemic, and a clear benefit to ecommerce players. A recent report from CBRE noted that the pandemic push has catalyzed as much as 500 million square feet of new industrial demand in the US—but it will take years for to provide that new supply to the market.

“It will take years.  Infill markets are already built out with a very high level of occupancy,” Kurt Strasmann, executive managing director of CBRE’s Orange County and Inland Empire operations as well as CBRE’s pacific southwestern functional industrial and logistics market leader, tells GlobeSt.com. “This means developing new product will be necessary, which is not easy to do in infill markets, such as Los Angeles and Orange County. It is therefore my and our firm’s belief that areas such as the Inland Empire will continue to thrive with new development for years to come due to the availability of buildable land.”

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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.

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