Rethinking Logistics and Industrial Properties

  • Dror Poleg


Industrial real estate is a key component of many of the world’s largest institutional portfolios. Historically, the category was the smaller and somewhat less glamorous sibling of office, retail, and multifamily properties. The growth of online commerce and consumer demand for increasingly fast delivery windows has brought industrial properties to the fore.

In recent years, investors have been acquiring fulfillment centers and sites at a rapid clip, pushing valuation multiples (cap rates) into territories that were heretofore reserved only for other commercial assets. Demand for storage and fulfillment space is expected to grow in line with e-commerce, which still constitutes only a sixth of all retail sales in the U.S. and a little over a third in China. New product categories, most notably groceries, are also starting to shift online.

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© The Author(s) 2020

Authors and Affiliations

  • Dror Poleg
    • 1
  1. 1.Rethinking Real EstateBrooklynUSA

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