This commercial property type is booming during COVID-19
October 27, 2020 | Sarah Paynter | Yahoo Finance
Warehouses, fulfillment centers and other industrial properties are the one bright spot in the commercial real estate industry, which has otherwise been pummeled by the coronavirus pandemic.
Industrial investments and developments are expected to be the best-performing commercial real estate asset through at least 2021, according to a new report by PwC, a London-based professional services network.
“The fact that e-commerce still has a long runway for growth makes industrial real estate the darling of the commercial real estate industry,” said a statement by Craig Meyer, president of industrial services at JLL, a Chicago-based commercial real estate services company.
