Against the backdrop of this year’s Cyber Monday generating record-shattering online sales estimated at $9.2 billion, commercial real estate experts envision e-commerce-fueled industrial REITs being a shining star of the REIT show in 2020. Meanwhile, in tandem with the e-commerce explosion, regional mall REITs will continue to face challenges next year, experts say.
“The e-commerce-driven demand … that has allowed industrial to stay in the sweet spot has pushed most retail into recession,” Green Street Advisors Inc., a Newport Beach, Calif.-based provider of real estate research and advisory services, noted in a November 2019 commercial real estate outlook. . . . more