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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.
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Amazon is reportedly still working on its own grocery chain, which might contain smaller sales floors surrounded by warehouse space for e-commerce orders.
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The economic shocks of March drove some investors out of the industrial sector, but they quickly returned.
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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.
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Customers in Seattle and Philadelphia can get groceries delivered in less than an hour, and expansion to other cities could boost industrial demand.
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Demand still outweighs supply in the Chicago region's industrial market, and developers now concentrate on building midsize warehouses.
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Our inaugural industrial event is in the books and here is what we learned.
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DFW industrial finished Q1 strong.
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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.
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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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