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December 1, 2020

Real Estate Shows How Amazon Won 2020
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If you want to see what a transformative year 2020 was for Amazon’s e-commerce business, don’t just look at its share price — look at its real estate decisions. 

Black Friday shopping mall foot traffic was down 52%, according to Sensormatic Solutions, but online sales were up 22%, data from Adobe Analytics showed. COVID-19 has turbocharged the move toward online retail, and so Amazon’s real estate take-up has also accelerated dramatically. 

Real Estate Shows How Amazon Won 2020

To zero in on one of its largest markets, where good data exists, Amazon leased 14M SF in the UK this year up to the end of November, according to Savills. That is more than three times its take-up in 2019 and almost twice as much as…

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