SAN FRANCISCO—COVID-19 and its associated forces, global lockdowns, financial safeguarding and supply chain disruptions, delivered a blow to all industries, including the industrial and logistics real estate sector. But in the second half of 2020, demand for industrial real estate has not only recovered, it has increased.
To understand the new configuration of the market and the unshakable strength that lies ahead, it is important to consider the intricate forces of the supply chain market, the differences between regions and types of real estate, and the new avenues for post-COVID demand, says Zain Jaffer, founder and CEO of Zain Ventures.
All signs point to unwavering demand for distribution spaces, even amid a global recession. CBRE's midyear review of the global real estate market names three main sources of demand in the logistics industry: e-commerce, safety inventory and improved supply chain strategy.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
