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Finding New Investment Value in Industrial Outdoor Storage

Some assets help to alleviate retail trucks’ parking congestion.

By Richard Berger | March 25, 2024 at 05:56 AM

There is substantial pressure on the nation’s commercial parking shortage driven by the booming retail sector, according to a recent report from Marcus & Millichap.

Given that online retail sales have surged 85 percent, the number of delivery vehicles in need of these spaces has multiplied well beyond 2019’s truck-to-parking spot ratio when there were 900 light-duty trucks registered per commercial parking spot.

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