C&W Industrial Research MarketNote: E-Commerce Boom Driving Big-Box Industrial Demand & 3PL Growth
E-commerce continues to grow – total U.S. e-commerce sales for 2014 were estimated at $304.9 billion, an increase of 15.4% from 2013. Retail giants have long been expanding their omni-channel retailing. As online retail sales in the U.S. have been on the rise for the past 15 years, online retailers have opened more and in many cases, larger distribution and fullfillment centers around the country. In terms of square feet occupied, e-commerce related tenants have seen their footprints grow at a brisk rate in recent years.