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