Retail

Golf courses, offices turn into warehouses as industrial demand rises

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A worker stacks boxes inside of an Amazon fulfillment center in Robbinsville, New Jersey.

Lucas Jackson | Reuters

The next big industrial warehouse might find itself on top of a former golf course. Or in an empty office building. Maybe in a vacated shopping mall.

The Covid pandemic has accelerated e-commerce sales globally, with digital sales driving a larger portion of retailers’ and grocers’ businesses. That has sparked a race for warehouse space and caused companies to seek creative commercial real estate alternatives as they strive to fulfill online orders and avoid delivery delays.

Demand for industrial, big-box facilities — warehouses or distribution centers of 200,000 square feet or…



Source cnbc.com

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