News
Annual State of the Market
November 25, 2013
CBRE VP Michael Hines sees e-commerce having a tremendous effect on the industrial scene, citing a survey by Forrester Inc. that predicts a 62% increase in consumer spending by 2016.
This is only one of the big trends we'll be touching on at our Philadelphia Industrial Real Estate Summit Dec. 12 at The Rittenhouse. Â He points to six new 1M SF Amazon warehouses in the Eastern US (four of which he arranged sales for) as a sign of the times. Mike, a panelist at our event, will also talk about the "creeping capital" trend, as a lack of product in bull's eye industrial zones like North Jersey means investors are venturing more to underrated sites in South Jersey and Eastern PA.
