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Reshoring Industrial Real Estate

While warehousing and e-commerce fulfillment operations have dominated headlines as primary drivers of industrial real estate, the sector has other factors driving demand as well. As shipping bottlenecks from a global pandemic and ongoing trade disputes make international sourcing increasingly difficult, more companies are considering reshoring manufacturing operations to the United States. According to survey data from Thomasnet, 69% percent of manufacturing and industrial businesses report that they are likely to bring production and sourcing back to North America. Even without a pandemic or trade ... Read More

2021-03-17T19:04:24+00:00February 24th, 2021|Articles, Frank P. Crivello, Milwaukee|

Industrial Real Estate Opportunities Expand Outside Major Markets

Many states have partially or fully reopened. In theory, this would allow employees to return to offices in at least some capacity. However, nearly 42% of the American workforce was still working remotely at the end of 2020, with more than 26% expected to continue doing so through 2021. With many workers no longer tied to a physical urban office, many U.S. workers have left expensive population hubs to live in less populated areas. Many Americans left unemployed by the pandemic also left major American ... Read More

2021-02-12T22:25:00+00:00February 12th, 2021|Articles, Frank P. Crivello, Milwaukee|

Finding Cold Storage Space in a Tight-Capacity Market

Though numerous industries rely on cold storage assets to safely store products, the U.S. cold chain wasn’t prepared for the massive surge in grocery e-commerce during the coronavirus pandemic. Online grocery sales grew by more than 50% year-over-year, pushing cold chain real estate near capacity across the country. The cold chain in the United States will need at least 100 million square feet of additional space over the next five years. The cold chain also has a cryogenic subsector that primarily serves the pharmaceutical industry. ... Read More

2021-02-10T20:03:52+00:00February 10th, 2021|Articles, Frank P. Crivello, Milwaukee|
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