Pandemic Delivery Boom Fuels Demand for ‘Last Mile’ Space

Wall Street Journal, Nov. 30, 2021–Will Parker (subscription)
Industrial properties in general have enjoyed strong rent growth and record-low vacancies during the pandemic. An increase in online shopping has furthered the trend, creating greater demand for warehouses to hold ordered items. Retailers especially covet space near highly populated areas where online orders can be loaded onto trucks and vans for local delivery to their final destinations.