Philly-area industrial leases approach pre-pandemic levels on e-commerce demand: Report
by Jacob Adelman, Updated: May 29, 2020 – 5:30 AM
But demand for space around population centers like the Philadelphia area isn’t being driven only by online grocers, said Kevin McGowan of McGowan Corporate Real Estate Advisors in Allentown. Distributors of all sorts of merchandise are also expanding their warehouse footprints to hold inventory that can be quickly deployed if there are more supply disruptions, such as the recent ones that kept everything from toilet paper to hand sanitizer from reaching consumers, McGowan said. “Tenants are getting bigger because they’re holding more safety stock,’” he said. “People are retooling their supply chains.” https://tinyurl.com/yb8qvqo2
