20% of global CRE investment in Q1 and Q2—approximately $75 Billion—was in industrial and logistics properties. Why? Online shopping in a pandemic is driving the need for warehouses, shipping points, distribution centers, and fulfilment centers. And the same forces are naturally driving down the value of mall properties to investors. 

Will warehouse deals continue to earn a record share of global commercial real estate investment as the pandemic uncertainty continues? Will the extraordinary growth of e-commerce continue or begin to plateau as trends stabilize? And how much further can mall values fall?