DALLAS—E-commerce sales, an already strong and growing demand driver for industrial distribution space, have spiked during the pandemic and are estimated to grow by 18% this year, the highest year- over-year increase on record according to eMarketer. The COVID-19 pandemic and the shelter-in-place policies that ensued have accelerated e-commerce growth and the need for warehouse space across the nation. JLL expects e-commerce sales could hit $1.5 trillion by 2025, which would increase the demand for industrial real estate to an additional 1 billion square feet.
This growth is placing a premium on infill sites within densely populated areas. One recent example is CT Realty's acquisition of a 18.46-acre infill location. The site will be home to Stadium Logistics Center, a 329,402-square-foot industrial building which is planned for completion in September 2021.
The $40 million project will meet the surging demand for supply chain distribution space amid spiking e-commerce sales growth. The development represents CT's longstanding national industrial logistics investment and development strategy, including an emphasis in the DFW metroplex.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
