Close menu

Industrial

Nearly 1 Billion SF of Industrial Space Could Come Online by 2025

July 24, 2020

Originally published by Lauren Thomas of CNBC on July 9, 2020:

Demand for industrial real estate could require an extra 1 billion square feet by 2025. A call for more fulfillment centers is rising as e-commerce continues to grow bigger during the pandemic. Businesses find they need more warehouses to store boxes and keep up with demand from online shoppers. U.S. e-commerce sales could comprise about 14.5% of total retail sales ($709.78 billion) this year, according to the firm eMarketer. By the end of 2024, that could jump to 18.1%, with online sales surpassing $1 trillion for the first time.

Image Source: Photo by chuttersnap on Unsplash

Click Here for Original Article.

Questions? Just Ask!

By giving us your phone number and email address, you are giving Tomlin Commercial permission to contact you via email or phone.