Retailers are going to begobbling up real estate space to expand warehouse and logisticsoperations in response to booming online sales amid the pandemic,according to a new report by Prologis.
The REIT's research departmentfound in a June study that e-commerce penetration in the US spiked tomore than 25% in April, up from 15% at year-end2019.
Before the pandemic, Prologis hadforecast e-commerce penetration to be about 17% this year. The firmhas since revised the estimate up to 20%.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Phillip Bantz
Phillip Bantz is a reporter for Corporate Counsel. Follow him on Twitter @PhillipBantz.
