Friday, January 4, 2019

Online-Shopping Returns Has Boosted The Warehouse Sector

Not only has online-shopping returns boosted the warehouse sector, they have also been a boon for auctions sites as well.

Warehouses have experienced surging demand since 2012 as e-commerce continues to grow. Construction in the sector is thriving. Now, "reverse logistics," a fancy term for dealing with e-commerce returns, is the No. 1 new user of warehouse space in the United States, taking up to 700 million square feet nationally, according to commercial real estate services and investment firm CBRE.