With the rapid increase of retail commerce being conducted online, a trend accelerated by the COVID-19 pandemic and social distancing guidelines, the demand for warehousing and distribution centers has risen as well. Logistics real estate firm Prologis' recent Future Flow of Goods report claims that the rapid adoption of e-commerce is leading to higher inventory space needs could generate 400 million square feet of additional demand for industrial real estate. "The key message here is that (COVID-19) is bringing change to economies and marketplaces, and it has raised the growth rate of our industry," said Chris Caton, Prologis' head of research and analytics, in an interview with DC Velocity. "In the wake of the pandemic, you see a higher growth rate (because of) accelerated e-commerce, customers carrying more inventory. And that's in an environment where vacancy rates were low."
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