Premier Industrial commercial real estate news, analysis, trends and information including warehouse, distribution, logistics, e-commerce, self storage and R&D space deals and players.
The promising US economic recovery is becoming increasingly fragile, with strong retail sales
and home sales on the plus side versus weakening consumer confidence and delayed federal stimulus efforts on the downside.
In 2020, the e-commerce giant has already opened over 75 new fulfillment, sortation centers, regional air hubs and delivery stations in the US and Canada.
The company has acquired three facilities, occupied by WuXi Advanced Therapies; bringing its Navy Yard portfolio to total more than 1.1 million square feet.
"Although it is too early to accurately predict the pace of recovery, the US industrial market is well positioned to weather the current disruption," Cushman & Wakefield states in a new report.