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SAN DIEGO—CoStar reports the prospective 20,000-square-foot-or-larger distribution space availability rate here is 8.5%, and but readily available space may not be desirable for e-commerce companies, Lee & Associates associate Alex Weiss tells GlobeSt.com. We spoke with Weiss about how important this space is and whether there is cause for concern regarding supply in the San Diego market.
GlobeSt.com: How important is e-commerce to retail sales, in your view?
Weiss: At this point, there is really no end in sight to the growth and potential of online sales. The graph below tracks estimated quarterly US retail e-commerce sales as a percentage of total quarterly retail sales. Using this graph, it's easy to see that e-commerce retail sales as a percentage of total retail sales is trending upward. It would not be a stretch to assume that in the near future, we will see 10% of all retail sales happening online through computers or cell phones instead of in traditional brick-and-mortar stores.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
