Los Angeles —CBRE has announced the launch of the E-Commerce Group, a newly formed specialty group within the company’s Industrial Services business line, which will serve the growing needs of occupiers in the online retail space.
“With online retailing’s increasingly important role in our economy, leveraging the full spectrum of the CBRE platform will enable us to better serve our occupier clients in this burgeoning business sector,” said Ed Schreyer, CBRE Executive Managing Director of Industrial Services. “As strong as we are in both the industrial and retail space, we have the potential to be even better, and the E-Commerce Group will help us cement our position as a leader in the these marketplaces.”
According to CBRE’s Americas Research, large, modern warehouse distribution space located in supply-constrained gateway markets was among the most improved property markets in 2011, and e-retailers were a significant driver of the improvement. Analysts project that e-retail will account for roughly 18% of the $4.2 trillion retail sales market by 2020.
The new E-Commerce group is led by veteran industrial professionals Scott Belfer, a CBRE Senior Vice President based in New Jersey, and Mike Lowe, a CBRE First Vice President in Cincinnati.
The E-Commerce Group will offer strategic advice and expertise throughout all facets of the site selection process; ensure speed-to-market solutions via a constantly updated database of national and local proprietary market knowledge; and provide critical tax nexus information compiled from the latest data from across the country to help unlock the best possible value for their clients.
Additionally, the E-Commerce Group will be able to offer its clients premier vertically integrated solutions by leveraging the full breadth and depth of the CBRE platform including retail services expertise, labor analytics, financial and economic incentives consulting as well as assistance from CBRE Econometric Advisors and other specialty services.
To learn more about CBRE’s new E-Commerce offering please click herewww.cbre.com/ecommercegroup.