With the added cost to build, multi-story warehouses are unlikely to become a widespread phenomenon, according to Colliers.
It's an intriguing approach, though, as available land, costs, the supply chain, e-commerce demand, and general willingness are stacked on a list of considerations.
Amazon dominates the space. It occupies 92 percent, or 75 million square feet, of Class A warehouse distribution properties with 3+ floors.
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.
