Other industry observers also remain encouraged by the long-term trends buoying warehouses, especially in coastal markets, like Southern California, that are substantially built-out; highly populated, inland transit hubs such as Chicago; and growing markets like Las Vegas. Despite the recent slowdown, e-commerce sales will keep growing as younger people who were weaned on a mobile device become a greater percentage of the population, they say.Plus, warehouse leasing continues to be driven in large part by light assembly companies, midsize firms, and manufacturers of household products, construction materials and other merchandise, said Peter C. Lewis, president and chairman of Wharton Equity Partners, an investment firm in New Yor …
