According to a CBRE report, industrial space has had a robust 2020. E-commerce firms have grown due to the pandemic. Firms acquired New York’s most desirable warehouse space.
The third quarter of 2020 saw a 71% increase in the signing of industrial space compared to the same time quarter of 2019. It slowed ~18% in the 4th quarter from 2019. We expect the general uptrend to continue.
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