Industrial Watch: April 4, 2020
“The impact of coronavirus on e-commerce is already proving to be astronomic, with an overall 25% increase from the beginning to the middle of March. Online sales for groceries have doubled in that timeframe, now making up 8% of online sales. Online commerce was already thriving prior to the outbreak, but is experiencing an influx with brick-and-mortar stores being forced to shut their doors. Interestingly, the trend of buying online and picking up in store has jumped 62%, computer sales surging 40%, and fitness gear increasing 55%. These large numbers are only more astonishing with the extremely short time frame they occurred in, the lasting effect still to be seen.” -Adam Abushagur
I N D U S T R I A L N E W S
Unemployment Claims Top 6.6 Million
Commercial Property Executive- April 2, 2020
Americans Adopting E-Commerce Faster Than Ever Amid Pandemic
National Real Estate Investor- March 31, 2020
Marcus & Millichap Acquires Dallas-Based Metropolitan Capital
Connect Texas- April 2, 2020
$2T To The Rescue: CRE And The Stimulus Package
Commercial Property Executive- March 26, 2020
T E X A S N E W S
How COVID-19 Could Impact Property Values, According To Appraisers
Dallas Business Journal- April 1, 2020
3 DFW Small Business CEOs On How They’re Getting Through COVID-19
Dallas Business Journal- March 30, 2020
A Loan To Your Tenant From The CARES Act Doesn’t Mean It Can Pay Rent
BISNOW- April 1, 2020
M I D W E S T N E W S
Amazon To Ink Deal For More Space In St. Louis
St. Louis Business Journal – March 31, 2020
Coronavirus Shutdowns Don’t Stop Big Downtown Construction Project
Kansas City Business Journal- March 27, 2020