Slowly but surely, a conversion from vacant retail properties to industrial retail space appears to be under way. That is the word from Los Angeles-based industrial real estate firm CBRE.
In a report, entitled “Trading Places: Retail Properties Converted to Industrial Use,” which was published this week, CBRE explained the main driver for this is due largely to shifting consumer preferences for e-commerce and in-store omnichannel platforms.
More info at Supply Chain Management Review:
CBRE report examines emerging trend of retail to industrial/logistics space conversion