Increased Demand for Warehouse Space and Labor Created by COVID-19 Could be a Long-Term Trend
As non-essential businesses are forced to close doors, some retail and e-commerce firms are ramping up hiring and operations in order to meet a surge in demand for necessities and home deliveries.
“There’s certainly good news and bad news happening in retail right now. We know that the bulking goods, the discount warehouses, the dollar stores, grocery stores are all doing very well. Most of those are national credit tenants, so if a tenant in your shopping center happens to be oriented towards value retail, or discount retail, or grocery, you should be pretty safe.” says Naveen Jaggi, president of retail advisory services at real estate services firm JLL.