JLL research points to further COVID-19-industrial real estate gains

Driven largely by the combination of the ongoing COVID-19 pandemic and sheltering-in-place policies, which have, in turn, spurred on increased e-commerce activity and the subsequent need for additional industrial real estate space, JLL said it is pegging e-commerce sales to hit $1.5 trillion by 2025, well ahead of 2019’s $602 billion, as per Digital Commerce 360 data. That estimate would boost U.S. industrial real estate demand, from its current 13,579,524,662 square-feet, to another 1 billion square-feet, according to JLL data.
Source: logistics Mgmt