Online Grocery Popularity Presents Ongoing Supply Chain Challenges

Most grocery sellers found themselves ill-prepared for the dramatic shift to online shopping that occurred due to the COVID-19 pandemic, and these businesses have spent the last year and a half struggling to implement affordable and effective omnichannel fulfillment capabilities. Before 2020, grocery delivery was primarily a luxury found in large metropolitan areas, and only about 4% of grocery shopping happened online. Now, online grocery is expected to double its market share by 2025. With online grocery shopping here to stay, grocery retailers now ... Read More

The Industrial Real Estate Boom Isn’t Going Anywhere

While other commercial real estate (CRE) sectors struggled during the COVID-19 pandemic, industrial real estate barely stumbled at all. As shoppers shifted their purchases online to avoid crowded stores, the ensuing eCommerce boom created a spike in demand for distribution centers and warehouses that continues today, more than a year and a half later. In addition, online grocery purchases and vaccine development initiatives created a rush on cold storage, an oft-neglected subsector of industrial real estate. Companies seeking to shorten their supply chains through ... Read More

Industrial Developers Turning to Non-Traditional Location Solutions

Industrial real estate is experiencing record low vacancy across the United States. The primary cause is an e-commerce boom, which has retailers clamoring for e-commerce fulfillment centers. The sector has created a need for an additional 330 million square feet of industrial space by 2025, only 27% of the total expected demand. This number doesn’t account for additional demand driven by factories, data centers, traditional retail distribution centers, and more. Building industrial facilities is costly and time-consuming, so industrial developers must begin working on ... Read More

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