According to CBRE at the end of 2019, U.S. e-commerce sales accounted for 15% of the overall retail sales. By 2030, e-commerce sales were projected to account for 43% of overall retail sales by 2030. According to a recent report by JLL, retail e-commerce sales are expected to reach $709.78 billion this year up from $601 billion in 2019. Functional and well-located, Class B warehouse space will offer investors an excellent opportunity to achieve higher yields than Class A warehouse. Warehouse space demand used to be strongly correlated with consumer spending, so it was very much tied to the state of the economy.

Source: Forbes August 17, 2020 12:11 UTC