Total online grocery sales—which includes delivery, pickup and ship-to-home—are projected to reach nearly $120B annual by the end of 2028, a 12.7% share of total grocery sales in the U.S., according to a new U.S. eGrocery Sales Forecast from Brick Meets Click.
The amount of industrial properties 100,000 square feet or more in size within 30 minutes of ports is at record levels. The reason is economic. Developers wanted to appeal to large companies with strong credit and such companies typically are looking for bigger facilities.
Evolving in recent years, manufacturing facilities, warehouses, and distribution hubs have all been influenced by developments in technology, sustainability, and customer expectations. Take a look at some of the trends that are shaping the industrial property space for 2024 and beyond.
After two years of dominance by Inland Empire, Calif., Miami took the top spot for the highest industrial rent growth with an 11.9% year-over-year increase.
Many in the cold storage space are using automated storage and retrieval systems to more strategically manage their inventories. The systems can stretch 150 feet in height or approximately 12 stories high.