A brief window of opportunity is open for logistics companies to secure high-quality space to meet growing and shifting consumer demand before slackening supply limits their options.
Demand within the market is growing as evidenced by Prologis Research's U.S. Industrial Business Indicator. The study found consumer activity increased by more than two points in July to 60.6 from its Q2 average of 58.4 as consumption of goods remained stable and inventories were restocked. This is consistent with healthy consumer activity and was driven by a 3% year-over-year increase in retail sales, particularly electronics, apparel and motor vehicle parts.
E-commerce sales grew 8.6% year-over-year, compared with 1.2% growth for in-store sales
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