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%.
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