The industrial sector is expected to weather the economicramifications of the COVID-19 pandemic better than other areas ofthe economy, according to an Industrial Sector Outlook report by Colliers.
The lessened impact to the industrial properties sector isthought to be due to the high demand for e-commerce projects andgroceries. The need for industrial space stays high, with 329million square feet of industrial project under construction at theend of this quarter.
Companies such as Amazon fared well as e-commerce growthaccelerated. Amazon occupied more than 6 million square feet ofindustrial space in 2020, with additional plans to addcapacity.
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