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The conversion of big-box stores or malls has produced over 10M SF worth of warehouses in the last three years, according to a CBRE report.
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Demand for distribution centers near marine ports and intermodal ramps rose significantly last year.
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Industrial and multifamily assets remain a favorite among commercial real estate investors this year.
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2018 is expected to be unpredictable, meaning CRE professionals will need to remain flexible to respond quickly to market shifts.
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Warehouses now need to be close to urban centers. It's more about minutes away than miles away.
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Automation, supply chain efficiencies and soaring ceiling heights will dictate the warehouses of tomorrow.
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Lincoln Equities Group is building the first speculative industrial building on Long Island in at least five years, a 195K SF distribution center.
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There's a lot of industrial space underway, but users just want even more
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The startup's customers are largely smaller e-commerce companies and startups that do not have the capital to operate their own distribution networks.
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The popular shopping app is in the early stages of building a major logistics hub in Seattle.
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