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- Changes in consumption patterns continue to shift retailer demand away from brick-and-mortar storefronts to industrial facilities with immediate access to large swaths of the U.S. population.
- In 2017, traditional and e-commerce retailer requirements exceeding 200,000 square feet totaled 7.8 million, representing a 120 percent increase over the 2016 total of 3.6 million.
- In looking at 2018, 7.2 million square feet of new deliveries are pre-leased, so barring major move-outs, the fervent leasing cycle is expected to drive absorption beyond the 10.2 million square feet reported for 2016.
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