With e-commerce activity increasing, the real estate market is scrambling to keep up with a new type of building demand that combines distribution centers with fulfillment centers, said experts speaking at the ULI Spring Meeting.Read More
Global e-commerce titans, such as Google and Amazon and China’s Alibaba, are transforming customer expectations on product selection, convenience, and shopping experiences, which may lead to less demand for traditional retail real estate, Jim Tompkins, CEO of Tompkins International, told attendees at ULI’s Midwinter Meeting in Paris last week.
Extracting oil and natural gas from shale is just one driver of the state’s latest glory days.
E-commerce has been the fastest-growing segment of the retail market for the last four years and can be expected to be a large share of the market for the next 15 to 20 years. Fulfillment centers have become the new face of industrial warehouse development, according to panelists at the ULI Fall Meeting in Chicago.
Resources that drove the old industrial economy—a central location and access to power—plus available industrial space, give Chicago an edge in the data center business.
Traditional industries, including energy and autos, are making a comeback in the United States. Their resurgence may present new opportunities for real estate investment.
The hydraulic fracturing of rocks is a way to extract natural gas from far below the ground. It has strong economic and land use implications, especially in the West, where the process is fairly new, but it is not without controversy.
Think of it as recycling on a grand scale: thousands of people—and trees—are living where airline terminals and concrete runways once stood.
What does economic recovery mean for the industrial and office sectors?
A sustainably designed, adaptive-use, urban food factory in Portland, Oregon, helps a neighborhood suffering urban decay, foreclosures, and job losses.