Warehouses Lure More Cash Than Offices in Pandemic-Fueled Flip
- U.S. industrial properties boom as retail, hotels lose value
- Covid spurs hunt for safe property in work-from-home age
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Warehouses are the hottest corner of commercial real estate - maybe too hot.
Investors have poured money into industrial properties in 2020, spending more on U.S. warehouses than office buildings for the first time as social-distancing pushes even more consumers to e-commerce.