Published November 2020
• Traditional brick-and-mortar retailers in the U.S. had started growing their e-commerce activities even before the pandemic and replacing their traditional retail model with an omnichannel model.
• The e-commerce shift has massive runway for continuing growth. Currently, non-e-commerce retail sales still account for close to 80% of total U.S. retail spending.
• The large brick-and-mortar retailers are increasingly growing their e-commerce sales channels.
• As brick-and-mortar retailers invest more in their e-commerce capabilities, they will increasingly drive future demand for additional last mile industrial real estate.
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