In early July, real estate and investment giant JLL Inc. (NYSE:JLL) published a five-year outlook for U.S. e-commerce demand and logistics warehousing capacity. The projections elicited “ooh-and-aah” types of responses, mainly because of the large numbers being bandied about. U.S. e-commerce sales would hit $1.5 trillion by 2025, while demand for logistics real estate would increase by an additional 1 billion square feet, JLL predicted.
Nearly three months later and with the benefit of...
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