BROOKLYN, NY—As we are becoming conditioned to ordering everything we need online and expecting within 24 hours, or even less, the industrial real estate sector is faced with the challenge of ensuring that our purchases make it through the "last mile" from distribution centers to our homes.

And a key innovation to ensuring that happens is "multistory" warehouses. We've become accustomed to seeing sprawling large flat warehouses nearing 1 million square feet on the outskirts of our cities and towns. But because companies need warehouses closer to where people live, will warehouses start to grow vertically?

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