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
Extra space needed for last-mile logistics after revised e-commerce projections
Investors target last mile industrial properties as e-commerce pushes for same day delivery.
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.
San Diego's industrial market is booming, and investors want last-mile facilities.
With many of the best purpose-built warehouses already occupied, grocers are scraping the bottom of the barrel for industrial space.
Investing in the competitive market for last-mile properties means thinking beyond just proximity to consumers.
As e-commerce companies feel increased pressure to offer delivery within hours, not days, the need for last-mile warehouses is on the rise.
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.
Costco acquires a last-mile logistics company from the parent of Sears for $1B.
Amazon will construct three new build-to-suit delivery centers totaling 500K SF.
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