Will Multi-Story Warehouses Become the Norm?
As consumer shopping habits keep shifting online, the industrial real estate sector has struggled to keep pace. The e-commerce boom drove a shortage of 300 million square feet of warehouse space by the end of 2021, while global supply chain disruptions have continually slowed the development of new inventory. Even when building materials become readily available again, it will most likely take several years to clear the backlog of warehouse projects and provide enough new warehouses to meet market demands. The warehouse challenge becomes even ... Read More