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Real Estate

Brian Miller
Real Estate Editor
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June 24, 2021

On the Block: Logistics and e-commerce march triumphantly out of the pandemic

I've written perhaps a dozen columns on pandemic winners and losers in commercial real estate. But if we're almost, maybe, not-quite-there-but-close removed from the pandemic, the same champion remains in place: logistics. CBRE just issued a new report on e-commerce, which fills so many of those valuable, close-in warehouses and industrial properties. Several key points bear repeating.

Online shopping is the driver for the click-and-deliver economy. In its global report, CBRE says that for each additional $1 billion in e-commerce sales, you need another 1 million square feet of distribution space. Thus, projecting from the pandemic year of 2020 to 2025, an expected $330 billion surge in U.S. spending will require another 330 million square feet of logistics/distribution space.

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