Five years ago, e-commerce giants focused on building mega-warehouses at the edges of large population centers where land was cheap and plentiful. Today consumer expectations have shifted to a desire for quick delivery – sometimes within mere hours. Retailers are now focused on the last mile in the distribution cycle.
How are retailers and industrial space users adapting to handle these changes? Find out in our video interview with Jeff Crane of The Andover Company/CORFAC International in Seattle, WA.
CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 49 offices in the U.S., 5 in Canada and 17 in international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Japan, Mexico, Romania, Russia, South Korea, Switzerland and the United Kingdom. CORFAC offices completed more than 10,000 lease and sales transactions totaling 620 million square feet of space valued in excess of $8.2 billion in 2018.