Since 2013, the rise of e-commerce has caused such an enormous boom in industrial real estate that it has become the preferred asset class of many commercial real estate investors. At the heart of the e-commerce revolution has been Amazon. Even before the pandemic, the firm had around 192 million square feet of warehouse, data center, and distribution space across the U.S. and Canada.
Since the pandemic, it has added over 220 million square feet of industrial space to its portfolio.1 So it’s not surprising that many within the industry were more than a little anxious when Amazon declared that it was going to “throttle back on its e-commerce operations.”2 Why is Amazon changing its e-commerce operations and its strategy toward industrial real estate? And what does it say about the industrial sector going forward?
This report will explore these questions and contend with five points that clarify the current state of industrial demand. READ THE FULL REPORT HERE
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