Principal, Dan Dokovic, was a contributor on behalf of CORFAC International in an article published by Bisnow Thursday, November 19th. The article, “Amid Pandemic Challenges, Interest In Industrial Assets Booms”, hits on commercial real estate market updates heading into the 4th quarter amid the pandemic and why the Industrial sector is seeing the boom it’s experiencing.
In the article, Dokovic explains that “efficiency will be more important than ever for many manufacturers impacted by COVID-19. Automation will also be relevant in e-commerce operations as most sophisticated distribution facilities include some level of automated operations…some of the largest distribution warehouses being built for end users like Amazon are being purpose-built to include infrastructure such as platforms and flooring for automated material handling equipment.”
Dokovic also touched on the spike in e-commerce during the pandemic as well as changes in supply chain. He goes on to say “the COVID-19 pandemic has shocked supply chains to their core. The notion that borders between countries or even states would be closed was never on anyone’s mind,” Dokovic said. “COVID-19 has brought us closer to a need to be localized and support manufacturing in our home countries. This will have a huge impact on the industrial sector as a lot of companies will try to reduce their inventory that is held in a global supply chain.”
Read the full article in Bisnow, here.
Intelica CRE joined forces with CORFAC International this May, joining an elite group of 75 independently owned CRE firms around the globe to collaborate with, establish business and thrive during these challenging times.
CORFAC International is a global network comprised of privately held entrepreneurial commercial real estate 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. Our members frequently collaborate across markets to offer unmatched service to clients and provide top-level commercial real estate advisory expertise. Firm principals are involved in every transaction, adding value and best-in-class service to each client interaction.
CORFAC offices collectively close an average of 10,000 lease and sales transactions valued in excess of $9.0 billion annually, totaling 500 million square feet closed and 65 million square feet managed worldwide.