By  on July 22, 2019

Amazon’s crushing impact on brick-and-mortar retail can be measured in many ways, but one of the most dramatic examples of e-commerce consequences is the contrast between the strong demand for warehouse space versus the glut of ground floor retail square footage on many major shopping corridors across the country.

According to CBRE, the average national rent for warehouse and distribution space has been growing at a 6 percent to 8 percent pace for several years, and advanced 6.4 percent year-over-year, which is two percentage points above the average annual growth rate since 2012. Net asking rents for industrial and logistics space increased 0.4 percent in the second quarter of 2019 compared to the same 2018 period to $7.50 a square foot, the highest level since CBRE began tracking the metric in 1989.

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