Loading...
You are here:  Home  >  Real Estate  >  Current Article

The rush to cannabis production tops NREI’s predictions for industrial sector in 2020

Posted by   /  January 7, 2020  /  No Comments

    Print       Email

Industrial properties have been highly sought-after by investors for the past several years. Will that trend continue in 2020?

By Patricia Kirk | NREI

New project deliveries, continued cannabis legalization, a decline in manufacturing, faster e-commerce deliveries and the upcoming presidential election will all have an impact on the U.S. industrial sector in 2020, experts say. Here are eight predictions for the industrial sector in the new year:

The rush to cannabis production will likely accelerate in 2020, as more states legalize marijuana for recreational use, attracting investors to the higher returns cannabis-related real estate provides compared to more traditional property types, according to Chuck Taylor, director of operations for Englewood Construction, which collaborates with cannabis firms on cultivation and dispensary projects.

Demand for “last mile” warehouse space will continue to grow in 2020as consumers demand same-day and next-day delivery and retailers intensify their delivery efforts to complete with e-commerce giants like Amazon and Walmart, says Nat Kunes, senior vice president of investment management at AppFolio, a property software firm. As a result, he expects to see conversion of traditional retail space to distribution facilities.

READ ON:

    Print       Email
  • Published: 1 month ago on January 7, 2020
  • Posted by:
  • Last Modified: January 7, 2020 @ 9:09 am
  • Filed Under: Real Estate
  • Tagged With:

Leave a Reply

You might also like...

Culdesac car-free neighborhood moves forward with retail phase

Read More →