Friday, July 13, 2018

To gauge retail growth, follow the warehouses

Chain Store Age
Prime logistics rents — the top prices for quality warehouse and distribution center space — ratcheted up by 100 basis points in the year ending March 31. That’s a sure indicator of retail health, according to one of the world’s largest commercial real estate services firms.

A report from CBRE states that the 3.2% rent increase worldwide and the 4.8% rise in the United States resulted from strengthening economies and greater demand for goods — whether purchased online or in stores. . . . more