HOUSTON—For every $1 billion increase in e-commerce sales, an estimated 1.25 million square feet of warehouse space is needed to keep up with demand, according to a national CBRE report. As a result, national e-commerce-generated warehouse demand could grow by an additional 191.2 million square feet from 2018 to 2020.
Here in Houston, the demand is not only from e-commerce, but also from oil patch and construction firms seeking to serve the growing 16 million population within 200 miles of the metro as well as the global energy industry. Clay Development & Construction Inc. is responding to this continued demand by recently breaking ground on the 524,528-square-foot Kennedy Greens Distribution Center I.
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