Wednesday, May 25, 2016

Retailers Fuel a Warehouse Boom, Racing to Keep Up With Amazon

The Amazon.com Phoenix Fulfillment Center in Goodyear, Ariz.Over the past year, prime warehouse rents are up 9.9 percent across the U.S. and up by double-digit amounts in some large urban areas, according to a recent report.

E-commerce alone is responsible for 20 percent of the current demand, according to Eric Frankel, an analyst at Green Street Advisors, helping to drive the spike in construction despite retail sales growth that has been slower than in previous economic expansions. . . . more

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