Amazon says that its drive to expand one-day delivery has cost even more than the $800M it predicted, and profits have taken a huge hit.
Amazon is reportedly still working on its own grocery chain, which might contain smaller sales floors surrounded by warehouse space for e-commerce orders.
The economic shocks of March drove some investors out of the industrial sector, but they quickly returned.
Amazon has agreed to lease a 66K SF warehouse in Northeast Philadelphia, which will be the smallest among its nearly 10M SF footprint in the larger market.
Customers in Seattle and Philadelphia can get groceries delivered in less than an hour, and expansion to other cities could boost industrial demand.
Demand still outweighs supply in the Chicago region's industrial market, and developers now concentrate on building midsize warehouses.
Our inaugural industrial event is in the books and here is what we learned.
DFW industrial finished Q1 strong.
It's unknown if Amazon really has its eyes on Penney's, but if it does, Bezos is likely eyeing the retailer for its real estate.
Macy's has established mini distribution centers in 35 of its retail stores to reduce shipping costs and better support its e-commerce business.
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