Research from Avison Young shows a downward trend in the real estate market based on a sample of dozens of public REIT stocks since the coronavirus outbreak.
The industrial sector saw the lowest percentage drop of the sectors reviewed and there's a "meteoric rise" in demand for online grocery deliveries and e-commerce goods, according to Avison Young.
Erik Foster is a Avison Young principal and the leader of the firm's national industrial capital markets group. He said in a statement that the growth in e-commerce, along with an increasing reliance on logistics and distribution space, "should put the industrial sector in a strong position to recover at a faster rate than other sectors."
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Ryan Tarinelli
Ryan Tarinelli is a reporter at the New York Law Journal. He is based at the New York State Capitol in Albany, New York. He can be reached through email at [email protected]. Follow him on Twitter: @ryantarinelli.
