It’s no secret that the world as we know it looks pretty different these days, both literally and figuratively. Social distancing, masks, and PPE have become regular parts of daily banter—and debate. Along with the constant worry over health concerns and putting proper preventative procedures in place comes the anxiety associated with the economy. Virtually every aspect of our everyday lives has changed due to the novel Coronavirus global pandemic. From professions and education to personal lives, routines have most definitely shifted, and flexibility is key to managing life during this crisis. The real estate impact is no exception. Although commercial and residential properties continue to be bought and sold, the logistics have undergone some shifting. Let’s take a look at how COVID-19 will impact the commercial real estate sector and some commercial real estate trends for 2020. One of the major ways that the Coronavirus has impacted the commercial real estate industry is proje...
As more people go online to shop for clothes, household items and even groceries, the demand for warehouse space rises. People are doing almost all of their shopping online which results in a need for more warehouse space to store products. This higher demand for warehouses is great news for commercial realtors. According to CBRE, companies such as FedEx, MARS Petcare, and other large brands were among some of the largest warehouses leases. With the increase in e-commerce, warehouse needs increase rapidly. Without a place to store products, how can big companies sell online? It has been estimated that e-commerce retailers are requiring more than three times more warehouse space than regular retailers. This leave a huge space for opportunity for warehouse landlords. This spike in warehouses being leased can also be linked to population growth. With more people around to shop online, the need for warehouse space increases. Commercial real estate and the r...