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

The official definition of a recession says that the economy is in a recession if the country’s gross domestic product declines for two consecutive quarters. Under this definition, the United States entered an economic recession during the summer of 2022. However, some experts argue that low unemployment, record corporate earnings, and GDP growth in Q3 indicate that the U.S. is not yet in a recession. Unfortunately, whether we’re in a recession right now may be a moot point, as many economists agree that a recession ... Read More