Global leasing demand from the e-commerce sector has doubled during the last three years, and the strong growth trend is expected to continue, according to a new report from industrial REIT Prologis, Inc. (NYSE: PLD).
“Online fulfillment is in its infancy, and we anticipate e-commerce will create significant new demand for logistics real estate well into the future,” said Chris Caton, vice president and head of Prologis’ research arm.