E-Commerce Explosion to Fuel Warehouse Building Boom in Canada
- CBRE says 40 million square feet of warehouse space needed
- Apartment buildings also attracted record investment in 2020
Canada is on the verge of a warehouse building boom as soaring demand for online goods is expected to continue beyond the pandemic.
Photographer: Brett Gundlock/Bloomberg
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Canada is on the verge of a warehouse building boom as soaring demand for online goods is expected to continue beyond the pandemic.
Forty million square feet of additional warehouse space will be needed in the next five years after e-commerce sales rose 32% last year, according to a report from brokerage CBRE Ltd.