KBWY - Where Bricks Are Beating Clicks: Implications For Last-Mile Real Estate
By Raymond Jacobs, Managing Director, Franklin Real Asset Advisors; Marc Weidner, Managing Director, Franklin Real Asset Advisors; Woon Pin Chong, Managing Director, Franklin Real Asset Advisors
Many observe the impacts of e-commerce growth as decimating commercial retail properties, leaving empty big-box warehouses and strip malls in its wake. While this may be true to a certain extent, it ignores the potential opportunity this new trend is creating in the industrial property sector. It seems that for every mall that closes, a distribution warehouse - or so-called last-mile logistics space - opens. Raymond Jacobs, Woon Pin