Slowly but surely, a conversion from vacant retail properties to industrial retail space appears to be under way. That is the word from Los Angeles-based industrial real estate firm CBRE. In a report, entitled “Trading Places: Retail Properties Converted to Industrial Use,” which was published this week, CBRE explained the main driver for this is due largely to shifting consumer preferences for e-commerce and in-store omnichannel platforms. Source: logistics Mgmt

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The increase in sophisticated technologies and attributes needed to help meet growing e-commerce demand and warehouse throughput continues to rise, with no signs of slowing down, according to a research report issued this week by Chicago-based commercial real estate firm JLL. The report, entitled “Warehouse of the Future: 9 attributes that are redefining industrial properties today,” observes how as industrial vacancies continue to fall alongside rising operating costs and shrinking availabilities of prime land parcels, the continued growth of e-commerce,...

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