Ecommerce Giants Expand Warehouses As Demand Surges
The booming e-commerce sector is driving a surge in warehouse demand, particularly in densely populated areas, leading to soaring rents. Smart warehouses are becoming a trend, with site selection driven by data. The US warehouse market presents a mixed picture, concentrated in first-tier cities, while demand is emerging in second-tier cities. Online fresh food and omnichannel retail are intensifying competition. Economic recovery supports the market, with vacancy rates hitting record lows and warehouse construction becoming more rational. This creates both opportunities and challenges for logistics providers and businesses alike.
