By Kristian Seemeyer GlobeSt.com
CBRE Research recently released a report detailing the effects of the growing e-commerce sector on the U.S. industrial landscape. The report notes that by 2017, online sales could account for more than one in ten of all U.S. retail sales. To keep up with growing demand and service requirements, e-commerce companies are making major investments in their supply chain, including state-of-the-art logistics facilities near major metropolitan areas. Locally, this trend definitely has traction as the Valley has become home to several sizeable e-commerce facilities for notable national retailers in recent years.
To date, metropolitan Phoenix has more than 8 million square feet of industrial space dedicated to e-commerce uses.
If you’d like to discuss real estate matters, contact Rose Law Group founder Jordan Rose, jrose@roselawgroup.com
