Inflation is in the “air”, and it is affecting everyone in some way, shape, or form. Real Estate (commercial) is at an all-time high due to the demand in Supply Chains and not wanting to be short-handed. The pandemic was a definite “eye-opener” for most companies as they found themselves with low inventory levels and waiting on supplies from overseas. One of the ways they are trying to manage their inventories with additional stock is warehousing. This has led to an uproar in warehousing space and rising prices in commercial real estate. Companies are paying premiums to store additional inventory and always have access to materials. This coupled with rising fuel prices, higher transportation costs, and labor shortages have been the “perfect storm” for inflation.
-Fernando Mederos, National Account Manager
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