About 400 million square feet will be needed over the next five years to manage the expected according to a report to be released Tuesday by real estate services giant CBRE Inc. (NYSE:CBRE).
Most of the square footage to handle returns will come from older distribution centers which third-party logistics (3PL) providers and large retailers will vacate for newer facilities to support forward logistics operations, CBRE said.
About 1.5 billion square feet of new logistics square footage will be...
https://s29755.pcdn.co/news/demand-for-reverse-logistics-warehouse-space-seen-rising-cbre-says