Amazon, which doubled the size of its distribution network to more than 400M SF during the pandemic, has been busy this year culling excess warehouse space by subleasing up to 30M SF and delaying the opening of newly built warehouses for up to two years as the pace of e-commerce sales growth slowed.
Other major retailers who raced to build fulfillment centers in the past year to meet the demand for next-day delivery services also are busy making plans to deal with excess logistics capacity—by competing with Amazon for retail customers seeking 3PL services.
The list of retail chains opting to leverage their growing e-commerce logistics assets into national networks offering omnichannel fulfillment and distribution services to other retailers just got longer:
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
