A recent report from CBRE suggests that the United States will need to add an additional 330MM square feet of industrial warehouse space, dedicated to online fulfillment, by 2025 to keep up with a 26% increase in e-commerce sales. Vacancy rates have been low across the country for industrial real estate space, however companies can expect to pay 25% more to build the new spaces that are desperately needed.
To read the full article click here: https://www.constructiondive.com/news/warehouse-ecommerce-construction-fulfillment-center/602296/
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