“There is good news and bad news for industrial real estate investors when it comes to the exponential growth that e-commerce has experienced over the last year. The bad news is that the special circumstances that lead to the sudden increase in e-commerce sales are abating as state lockdowns end and economies reopen. For example, annual online grocery sales in May dropped from $8.3 billion in 2020 to $7 billion this year. However, the good news is that despite online sales retreating, they are still well above 2019 levels. Although online grocery sales dropped 16% annually in May, they were still three times its total from August 2019 (Globe St.). While investors banking on a continuance of recent trends will likely be disappointed, those who maintain perspective will continue to reap rewards in this environment.” -Adam Abushagur

 

I N D U S T R I A L   N E W S

Online Grocery Sales Are Down But Still Thriving
Globe St.- July 2, 2021
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Some E-Commerce Drivers For Industrial Are ‘Misleading’
Globe St.- July 1, 2021
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New House Bill Would Force Amazon To Sell Off Logistics Business
Bisnow – June 22, 2021
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Apartment Prices Overtake Industrial As Fastest Growing
Real Capital Analytics – June 24, 2021
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Industrial Rents, Investment Soar
Commercial Property Executive – June 29, 2021
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R E G I O N A L   N E W S

Bronze Way Distribution Center Fits MDH’s Expansion Aims
Connect Texas – June 29, 2021
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Three Transactions Of Nearly 200K SF Sell In 10 Days
Connect Texas – June 30, 2021
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Faropoint Closes First Acquisition In Chicago Region
Connect Chicago & Midwest – July 2, 2021
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CenterPoint Begins 2 MSF Chicago Industrial Development
Commercial Property Executive – July 2, 2021
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