With online sales proliferating during the coronavirus pandemic, the U.S. is going to need more warehouses to store hoards of boxes and handle those orders.
With more people clicking "buy" online, demand for industrial real estate could reach an additional 1 billion square feet by 2025, according to commercial real estate services firm JLL.
pandemic, the U.S. is going to need more warehouses to store hoards of boxes and handle those orders. And so with more people clicking "buy" instead of venturing to the mall, demand for industrial real estate could reach an additional 1 billion square feet by 2025, according to a new report from JLL. "The first quarter was our largest leasing quarter in three years," said Craig Meyer, president of JLL's Americas industrial division. "We're seeing more pressure on [e-commerce companies] than the typical holiday season ... to meet consumer demand."
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