Cawley Insights

Growth in the Multi-tenant Warehouse Segment

Posted by Dan Cawley on May 7, 2018 2:35:04 PM

multitenant

Consumers have become accustomed to receiving their items within a few days as a result of companies like Amazon and Walmart. So how do other businesses keep up? They purchase smaller warehouses to break up the distribution and shorten the shipping time and costs. In the current market, businesses are purchasing smaller multi-tenant warehouses, rather than additional larger industrial buildings. 

As stated in the GlobeSt article, the occupancy rate for multi-tenant distribution buildings reached 97.3%. With an established company, the need for additional warehouses has grown to keep up with the competitive market and expectation of fast shipping. Companies are able to do so with having multiple facilities to house their product.

Read the complete article here. 

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Topics: Industrial, industrial real estate, investment, office leasing

Written by Dan Cawley

A Blog by Cawley Chicago
Understanding & Creating Value as Chicago's Dominant Submarket Specialist.

 

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