What Does a “Cool Down” in Industrial Mean?
Industrial real estate has seemed like an unstoppable force, driven by a need for fulfillment centers to fuel an e-commerce boom. However, as an economic slowdown caused two consecutive quarters of GDP decline, many experts began to believe the United States was either entering or already experiencing a recession. Furthermore, skyrocketing inflation caused consumers to ease up on spending, indicating that the e-commerce boom was waning. Additionally, Amazon, a key driver of industrial growth throughout the pandemic, has backed off its rapid fulfillment center expansion strategy ... Read More