TAG Industrial Watch: July 4, 2020

“Overall retail sales have slipped during the coronavirus pandemic, but e-commerce continues to skyrocket, accounting for 14.5% of total retail sales this year. The top ten e-commerce retailers are expected to increase their market share to 60.1%, with Amazon at the top position in the market. E-commerce alone went from over $423 billion in 2018, to almost $710 billion (expected) this year, and $859.28 in 2022 (GlobeSt.com). While the second wave of coronavirus may continue to shake up CRE, industrial seems ready to weather the storm.”  -Adam Abushagur



I N D U S T R I A L   N E W S

COVID-19 Drives New Construction Features, Financing Realities
GlobeSt – July 1, 2020
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Microsoft Joins The List Of Retail Casualties With Plan To Close Almost Every Store
Fast Company – June 26, 2020
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Lenders Provide “Mixed Bag” Of Relief To CRE Borrowers
National Real Estate Investor – June 29, 2020
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T E X A S   N E W S

Texas Factory Activity Rallies In June
Connect Texas – June 30, 2020
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Equinix Delivers $142M Data Center In Dallas
Commercial Property Executive – June 25, 2020
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Houston’s E-Commerce Industrial Demand Is Still In Its Infancy
Bisnow – June 24, 2020
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M I D W E S T   N E W S

Facebook To Build $800M Data Center In Metro Chicago
Commercial Property Executive – July 1, 2020
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AREA Lists 265 Acres In Shawnee Near Kansas River, Targets Industrial
Kansas City Business Journal – June 30, 2020
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