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Former urban big-boxes, Class-B office buildings are being converted to last mile industrial space

from National Real Estate Investor

The limited supply of urban industrial inventory available for "last mile" e-commerce distribution space is causing investors and end-users to get creative by repositioning other types of real estate with failed uses or shrinking demand, according to a JLL report, Urban infill: The route to delivery solutions. The report notes that annual total e-commerce deliveries have more than tripled over the past five years, but development of new urban industrial infill assets has remained relatively flat. more


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