Led by strong demand and pricing, industrial real estate is expected tocontinue to accelerate as we approach 2021. |
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| | | Industrial Interest Accelerates Through the Pandemic | | Led by strong demand and pricing, industrial real estate is expected to continue to accelerate as we approach 2021. The four factors below are attributed to the growth: |
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| - Cold storage needs are rising. An additional 75 million to 100 million square feet of freezer and cooler space is expected to be needed over the next four years to meet the demand for direct-to-consumer food delivery.
- Technology developments are shaping industrial spaces. Robotic piece-picking machines, autonomous vehicles, and more efficient sorting and picking have led to the construction of larger and taller distribution facilities—the total number of buildings with ceiling heights of at least 40 feet have increased from fewer than 200 in 2017 to a projected 275 in 2020, and new industrial developments of at least 500,000 square feet jumped from 180 in 2017 to 210 in 2019.
- Distribution speed is blurring the lines between storage and retail. Mega retailers like Amazon and Walmart now offer one-day shipping.
- Artificial Intelligence and machine learning are driving efficiencies. Automation technologies such as transaction processing, order trading and delivery, and supply-chain planning can reduce manual work, costs, and errors. In addition, businesses are projected to create more domestic supply chains as a result of the pandemic.
Source: https://magazine.realtor/ |
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| | Check out some of High Associates'
active industrial listings below: |
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| | | | LEASE: 1828 William Penn Way, Greenfield |
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| | | | LEASE or SALE: 10210 Fairgrounds Road, Huntingdon |
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| | | | LEASE: 1905 Horseshoe Road, Greenfield |
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| | | | SALE: 1 Clair Blvd, Manheim |
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| | A Holiday Message from Bill Boben, Senior Vice President of Sales & Leasing: |
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| | Reflecting on the events from this unprecedented year, our 2020 lens focus has been on gratitude. We are grateful for the courageous frontline workers who keep us safe, care for our sick, and provide the essential services to maintain our way of life. It has been a challenging year for High Associates Ltd. and we attribute our team's success to their relentless determination amidst adversity. Thank you to all our clients, customers, co-workers, and partners with whom we have forged trustworthy relationships. We wish joy and peace to all this Holiday Season. |
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