Lenders' Insatiable Appetite for Commercial Real Estate
Commercial Real Estate's Least Alluring Sector is Red Hot
CNBC's Diana Olick writes — Amazon.com‘s latest move, to anticipate what you want to buy and start shipping it before you even buy it, could be a big boon to a sector that is already seeing huge gains. Industrial warehouse space, once a dud in real estate, is now closing in on prom queen status, as more retail goes online and as the housing market recovers.
“Amazon is at the forefront of a larger trend that has seen demand for well-located logistics centers, very close to major urban centers increase sharply,” said Sam Chandan of Chandan Economics. “It’s some of the best performing space that we see in commercial real estate right now, across all property types.”
Read the full story at the Nightly Business Report website.