Projects converting retail space into industrial space arecontinuing to grow, as e-commerce becomes more widespread andindustrial rents reach all time highs, a new CBRE report finds.
Since 2017, a total of 13.8 million square feet of retail spacehas been converted to 15.5 million square feet of industrial spaceacross the country, according to CBRE, which expects the trend tocontinue.
The survey found that 59 conversion projects were completed,proposed or underway since 2017, which is a substantial increasefrom a previous survey in January 2019, when only 24 projects werecounted.
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Brenda Sapino Jeffreys
Senior reporter Brenda Sapino Jeffreys covers the business of law in Texas. Contact her at [email protected] On Twitter: @BrendaSJeffreys
