At a time when much of the commercial real estate industry is at a standstill, that spells dollars and jobs for developers, builders, shippers and others in the industrial real estate and logistics sectors. Long-term job gains may be minimized by increasing adoption of automation, though.
“This pandemic has moved everything up maybe five years, where people who weren’t ordering online have had no choice other than to use the internet,” said Tony Pricco, president of Chicago-based warehouse developer Bridge Development Partners. “Now they’re seeing how easy it is, and they’ll continue to use it.”
“There are definitely winners and losers that are going to come out of this,” he said.