The booming business of retailers that sell household essentials has proved a boon for owners of distribution and warehouse space.
While overall industrial leasing volume has been moderating for nine months, leasing to retailers that sell daily necessities like budget food and sundries remains healthy, according to CoStar Group's monthly CRE update for June.
Sam's Club has been one of the most active lessees, renting more overall square feet of distribution space so far in 2023 than it did during the whole of 2021 or 2022.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
*May exclude premium content© 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.