While the Coronavirus disease (COVID-19) pandemic closed many doors over the last 18 months, industrial real estate in North America was immune to the virus, with transactions for large warehouses and distribution centers of 200,000 square feet or more climbing nearly 25% in 2020, according to CBRE.

The CBRE anticipates the absorption of another 300 million square feet of industrial space on the back of e-commerce growth by the end of 2021.

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Steve Simonson
Steve Simonson

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