e-Commerce and the next wave of Industrial Demand
e-Commerce—also known as online retail—represents a fundamental change in the retail consumption model. The switch from “bricks to clicks” has driven unprecedented demand for distribution and logistics space throughout the United States. This demand has pushed the national industrial market into a super-cycle in which industrial fundamentals have bested historic records every year since 2013.
As of 2Q 2017, Atlanta is on pace to absorb 25.5 MSF before year’s end. That figure represents 25% more net absorption than it did in 2014, when it absorbed 19.7 MSF—the previous high-water mark of this cycle—and well above the Metro Region’s all-time best of 20.2 MSF, reached in 1998.