By James A. Schnur, CCIM
President and Designated Managing Broker
Integrated Real Estate Solutions
LinkedIn
The rise in e-commerce is prompting an increased demand for industrial warehouse space in urban areas. To offer “same-day” delivery, retailers are expanding their distribution centers to locate them near their growing markets. According to a report jointly produced by the National Retail Federation and Happy Returns (a UPS company), retailers said returns accounted for approximately 16.9% of their annual sales in 2024. It’s estimated these businesses need an additional 20% of warehouse space to handle this demand.
The densely populated urban areas make industrial space optimization in these locations challenging. And, with limited availability of space comes higher land costs. Fortunately, vertical warehouse selections can prove beneficial. Let’s look at how multi-level warehouses can maximize urban industrial space.
Continue reading “The Rise of Multi-Story Warehouses: Maximizing Space in Urban Industrial Markets”