Warehouse space demand surges as ecommerce and logistics needs soar - Business Insider

Yet one area of the property market remains resilient amid a historic blow to the country's real-estate sector.

Last month, Link Industrial, Blackstone's industrial-property investment arm, completed a $650 million acquisition of a roughly seven million square foot portfolio of warehouse properties in Minnesota and Colorado., hired Cushman & Wakefield recently to market a $200 million portfolio of warehouses, totaling nearly three million square feet that it occupies across the country.

"It's not just Link, there's so much money and so many investors looking for product like this right now," Kolsrud said.The country's warehouse market had already been strong in recent years. "A shopper who wasn't comfortable with someone else picking out and delivering their bananas may have been forced to give it a try," said Jason Tolliver, who heads Cushman & Wakefield's national industrial real estate services practice. "Not only do they realize that it works but they find out that it's pretty convenient too."

Caton predicts e-commerce's share of spending will continue to increase and that other trends will also buttress the warehouse market, including demand for more storage space in the country's distribution network, which experienced shortages of goods and supplies amid the lockdown.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

PHOTOS: Look inside a pre-Revolutionary war mansion in Charleston - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Walmart surges after earnings report shows ecommerce nearly doubled - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Well, good for them but they lost me as a customer because they have the worst customer service. Sarcastic, sassy responses from their employees.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Apple and Qualcomm are in China's crosshairs as trade tensions soar - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. boycott Made in China !! Huawei has a backdoor to Chinese servers
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Trump opposes extending $600 boost in unemployment benefits as jobless levels soar - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I guess he want's millions more homeless to be roaming around for years to come. Enough with the handouts. It’s time for everyone to get back to work. Facts! It’s already extended til august. Ppl are making more money from not working! What sense does that make
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

The PPP Small Business Loan Report from Insider Intelligence - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. insider_intel Note THis in an Indian Illegally Recovery Mobile Loan Applications against indian Law Name getrupee, Silver kredite, kcash(rupeego.अभी भी रिकवरी के लिए हैरेसमेंट करते हैं। मेरे पास इनके पूरे प्रूफ है। आप एक्शन लीजिए। Google GoogleIndia insider_intel How much did the trump pirates get of this small business loan?
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »