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Extra Miles For Last Mile: Funding Needed For Another 12M SF As Projections Revised
Extra space needed for last-mile logistics after revised e-commerce projections
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Extra space needed for last-mile logistics after revised e-commerce projections
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Investors target last mile industrial properties as e-commerce pushes for same day delivery.
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The push for urban last-mile facilities has led to an increase in urban infill development, higher rent growth and the rise of warehouse sharing.
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San Diego's industrial market is booming, and investors want last-mile facilities.
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With many of the best purpose-built warehouses already occupied, grocers are scraping the bottom of the barrel for industrial space.
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Investing in the competitive market for last-mile properties means thinking beyond just proximity to consumers.
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As e-commerce companies feel increased pressure to offer delivery within hours, not days, the need for last-mile warehouses is on the rise.
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There seems to be no limit on how many huge distribution centers the New Jersey market demands. The limit, as always, is how many of them can be built.
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Costco acquires a last-mile logistics company from the parent of Sears for $1B.
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Amazon will construct three new build-to-suit delivery centers totaling 500K SF.
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