The industrial sector is showing minimal negative impact from the current global pandemic. In fact, due to shifting consumer preferences and increased online shopping, which has been enhanced by non-essential business closures and stay-at-home guidelines put into place to control the spread of the coronavirus, growth and adoption rates of e-commerce have accelerated. This acceleration has resulted in increased demand for industrial real estate. In addition, with online shopping growing at a fast pace, many businesses are utilizing warehouse space to store extra inventory and fulfill consumers’ orders while also accounting for order-returns management.

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