CHICAGO—The remarkable expansion of e-commerce has been made possible by the high-tech features now common in class A distribution buildings. And consumers' use of internet shopping will most likely continue growing in 2018 and sustain demand for these modern fulfillment centers.
The market has created roughly 200 million square feet of demand each year for the past few years, and the coming 12 months will almost certainly see something similar.
“In my 25-plus years, I've never seen numbers like this,” Kenneth J. Szady, national director of North America and Canada for Marcus & Millichap's Institutional Property Advisors, tells GlobeSt.com.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
