When it comes to commercial real estate development, industrial rental warehouses are on the rise. As anyone who works in commercial real estate development likely knows, renting a warehouse or even buying a warehouse for sale is more lucrative than it has ever been before. In addition to this, it’s more necessary than ever before as well.
But why is this the case? For one thing, e-commerce is on the rise – and has already made quite the name for itself. In fact, the e-commerce market has already reached a global value that exceeds $400 billion, a number that is anticipated to rise by as much as 10% (at a compound annual rate) over the course of the next half of a decade alone. After all, e-commerce services fill a growing need.
Online shopping as is made possible by the use of the internet (which is expected to have as many as 6 billion users in the years that are to come) is hugely convenient. It allows people to shop for almost anything just by clicking a few buttons, something that is ideal for people who are busy and don’t have time to go to a brick and mortar store – as well as ideal for people who might not have access to the transportation necessary to go shopping in person.
Online shopping and e-commerce have become such a big part of our lives that many people are even buying their groceries through online platforms. While just a few years ago online grocery shopping was looked at with a great deal of skepticism, it’s become a reliable feature on many platforms – and a real time saver, to boot. For those who are looking to find specialty products not easily found in brick and mortar stores, e-commerce and the prevalence of online shopping can be a great way to gain access to these products in question.
Shopping online might even get you better deals than actually shopping in a brick and mortar store. While when you purchase goods from the physical location of any given retail store you won’t have to pay shipping and handling fees, many sites that sell goods online will actually wave shipping and handling fees for a number of different reasons. For one, simply spending enough money can get these fees waived. Becoming a member of the site can actually do this as well, at least for the very first order you place if not for all the ones that are likely to follow it. Finally, some sites offer sales and promotions that often reduce or eliminate the shipping and handling costs, making buying goods online cost effective as well as easy.
But all of these products must be stored somewhere before they are shipped all throughout the country and even to other countries all around the world. As the professional in the realm of commercial real estate development knows, this place is more likely to be a warehouse than not. Already, commercial real estate development in this realm is on the rise, with the amount of warehouse space occupied for the purposes of distribution already having climbed by more than 86% over the course of the last nearly two decades, since the year of 2000.
For those interested in commercial real estate development as a profession, renting a warehouse to people who are involved in commerce is likely to be easier than ever before, as there’re more people looking to rent a warehouse and in the leasing of a warehouse than ever before. In addition to the rise of commercial real estate development, job creation is also on the rise in a direct correlation to the rise of e-commerce as well. In fact, it’s estimated that more than 166,000 men and women alike work in this industry in some aspect all throughout the country of the United States alone, let alone elsewhere in the world where e-commerce has also become more important and more influential than it has ever been before. In the years that are to come, this number is only likely to continue growing.
Thanks to e-commerce, the world of warehouse distribution and commercial real estate development has grown considerably as well.