Shifts in the way people live, work and shop in a post pandemic world have forever impacted the industrial real estate sector
Pressure on supply chains and logistic solutions fueled demand in the Logistics & Distribution industry
April 19, 2021
Percent of leasing volume
- Demand from the e-commerce industry is starting to level off; however, momentum remains strong with Logistics & Distribution being the top leasing industry in Q1 2021.
- The number of items that need to be kept in cold storage facilities are increasing at a rapid pace and is expected to push demand for the Food & Beverage industry.
- Net absorption continues to hit record highs with 85.6 million s.f. of industrial space occupied in Q1 2021. As the move into a post pandemic world takes shape, and more tenants move into their spaces, 2021 have the potential to surpass 2020 by a landslide.
- Lack of available land and rising steel prices are pushing developers to explore the idea of repositioning existing and converting retail to last mile facilities with location outweighing design.