Why Obsolete Warehouses on the ‘Last Mile’ Are Attracting Institutional Investors

Why Obsolete Warehouses on the ‘Last Mile’ Are Attracting Institutional Investors, a National Real Estate Investor Article

Every $1 billion in e-commerce sales requires 1.25 million sq. ft. of distribution space, said Scott Marshall, executive managing director of advisory and transaction services | investor leasing with CBRE, during a meeting of the Chicago chapter of NAIOP earlier this year. He noted that with e-commerce sales poised to grow by more than 10 percent year-over-year, to $491 billion in 2017, e-commerce companies will require an additional 50 to 60 million sq. ft. of warehouse distribution space this year alone.