NAIOP: Industrial and retail real estate sectors will converge

Pandemic and the ecommerce trends that preexisted it have led to a dramatic confluence of the industrial and retail real estate sectors, according to a new report published by the NAIOP Research Foundation

“The COVID-19 pandemic dramatically accelerated demand for e-commerce. Correspondingly, it accelerated demand for distribution space from which to fulfill purchases made online. These conditions have led developers in land-constrained markets to consider new formats for distribution buildings and pursue redevelopment projects that would not have been feasible before 2020,” according to