Anthony Crivello

The ongoing boom in eCommerce has driven a shortage of industrial real estate, exacerbated an existing driver shortage, and placed additional strain on major U.S. ports. Unfortunately, record sales volumes and tight transportation capacity have resulted in most major parcel carriers raising rates by 5.9% in 2022. Additionally, peak season surcharges have become the norm for parcel carriers, further driving up shipping costs during high crucial sales periods. As parcel shipping rates continue to rise, eCommerce businesses must find ways to mitigate the impact on ... Read More

The industrial real estate crunch shows no signs of relief any time soon, with some experts now saying we can expect low availability through 2023. With industrial demand soaring and rents still climbing, industry stakeholders have explored numerous ways to create new industrial inventory. One way involves converting underutilized commercial real estate properties from other verticals for industrial use. With no shortage of unused office or retail space on the market, desperate industrial tenants may wonder why those properties can’t be used as warehouses or ... Read More