Amazon, Big-Box Chains, 3PLs Among the Most Rapidly Expanding Industrial Tenants

Online sales shot up during the COVID-19 quarantine, causing many companies to rethink their logistics strategies. As a result, a number of e-commerce players are aggressively expanding their physical footprints to improve their fulfillment and delivery capabilities.
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According to data from the U.S. Census Bureau, e-commerce sales accounted for 16.1 percent of total retail sales in the second quarter of 2020. On a non-adjusted basis, the estimated second quarter total for U.S. e-commerce sales was $200.7 billion, an increase of 37.0 percent from the first quarter and up 44.5 percent year-over-year

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