{"id":2780,"date":"2019-03-28T10:00:41","date_gmt":"2019-03-28T14:00:41","guid":{"rendered":"https:\/\/www.lee-associates.com\/pennsylvania-dev\/?p=2780"},"modified":"2025-04-21T13:02:21","modified_gmt":"2025-04-21T17:02:21","slug":"whats-trending-in-cre","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/easternpa\/2019\/03\/28\/whats-trending-in-cre\/","title":{"rendered":"What’s Trending in CRE?"},"content":{"rendered":"
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Keeping up with the latest CRE trends can be daunting while trying to run your own business. We've put together a short list of topics trending in the commercial real estate world to keep you current.<\/em><\/h3>\n<\/div>\n<\/div><\/div><\/div><\/div>
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\"\"<\/a><\/p>\n<\/div>\n<\/div><\/div><\/div>

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Continued Growth in E-commerce:<\/strong><\/p>\n

In 2018, according to the US Commerce Department, E-commerce sales totaled approximately $517B and accounted for over 14% of all retail sales in the United States.<\/p>\n

E-commerce sales have grown at an average of 15% annually over the last 3 years and each $1B of increased sales volume has been equated to approximately 1.25MSF of additional warehouse demand.<\/p>\n

If current trends continue, growth in E-commerce is projected to drive demand for an additional 100MSF of industrial space in 2019 alone.<\/p>\n

With online sales still making up less than 15% of all retail sales nationwide, plenty of runway remains for prolonged growth as consumer spending habits continue to shift towards E-commerce platforms.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div>

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\"\"<\/a><\/p>\n<\/div>\n<\/div><\/div><\/div>

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The Retail Apocalypse<\/strong><\/p>\n

The growth of e-commerce, as discussed above, has driven many retailers to bankruptcy, either trimming locations or closing\u00a0altogether.<\/p>\n

Despite some retailer growth, and some e-tailers making the jump to brick and mortar stores, some dark retail space needs to be reinvented.<\/p>\n

Numerous enclosed malls have already been targeted for total redevelopment and conversion to Industrial (See the Schuylkill Mall<\/a>).<\/p>\n

Next up are likely to be smaller scale opportunities that might target the last mile needs of e-commerce suppliers or flex space users.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div>

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Opportunity Zones<\/strong><\/p>\n

Opportunity Zones were established as part of the Federal Tax Cuts and Job Acts of 2017 as a way to drive community reinvestment to specific rural and urban communities throughout the nation.<\/p>\n

The Opportunity Zone program is a way to defer, reduce or eliminate realized and future federal capital gains.<\/p>\n

For more information about Opportunity Zones read our full article here<\/a>.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div>

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For additional trending topics and information on your market, contact an agent today!<\/a><\/strong><\/em><\/h3>\n

 <\/p>\n

Sources: digitalcommerce360.com, irs.gov<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"

Keeping up with the latest CRE trends can be daunting while trying to run your own business. We’ve put together a short list of topics trending in the commercial real estate world to keep you current. Continued Growth in E-commerce: In 2018, according to the US Commerce Department, E-commerce sales totaled approximately $517B and accounted for over 14% of all retail sales in the United States. E-commerce sales have grown at an average of 15%…<\/p>\n","protected":false},"author":24,"featured_media":2781,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19],"tags":[],"class_list":["post-2780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"yoast_head":"\nCorporate Real Estate (CRE) Trends | What Are CRE Trends?<\/title>\n<meta name=\"description\" content=\"Continued growth in e-commerce, the collapse of malls and Opportunity Zones are the biggest corporate real estate trends. 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