There’s no denying the secular shift in the world of retail. Even before the pandemic, consumers were gravitating towards e-commerce. The COVID-19 crisis did nothing but spur the move toward omnichannel retailing that much quicker. And these days, home delivery, “click & collect” and in-store experiences are essentially one in the same. Successful retailers need to navigate all three in order to survive.
But all of this BOPIS (buy online, pick up in-store) and mobile commerce takes some hefty muscle to complete successfully.
The winners providing that muscle?
That would be the owners of warehouse, flex and other industrial spaces. Industrial real estate investment trusts (REITs) have been riding high on rising e-commerce demand for their properties. That fact has only strengthened further during the pandemic. The best part is that given the trends toward more online and omnichannel sales, demand for warehouses is only getting started.
For investors, the industrial REITs could be one of the best plays for investors seeking growth and income.
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