With upcoming elections and the major impacts of COVID-19, it has been a tumultuous year.
One consistent theme has been prioritizing the U.S. economy. Many factors come into play when discussing how to do this, but reshoring has long been a hot topic for boosting jobs and increasing national resilience. Learn what the reshoring trend is and how it can potentially impact industrial real estate.
In early July, real estate and investment giant JLL Inc. published a five-year outlook for U.S. e-commerce demand and logistics warehousing capacity.
The projections elicited “ooh-and-aah” types of responses, mainly because of the large numbers being bandied about. U.S. e-commerce sales would hit $1.5 trillion by 2025, while demand for logistics real estate would increase by an additional 1 billion square feet, JLL predicted.
Nearly three months later and with the benefit of hindsight, Rich Thompson, who headed the team that developed the report, realizes those projections were “very, very conservative.”