Bloomberg: Retailers Fuel a Warehouse Boom, Racing to Keep Up With Amazon
According to Bloomberg: The first thing online clothing reseller ThredUp did after clinching a new round of funding last year? Hunt for strategic warehouse space to get the goods to its customers as fast as possible.
Amazon.com has spoiled them for anything less.
E-commerce alone is responsible for 20 percent of the current demand, according to Eric Frankel, an analyst at Green Street Advisors, helping to drive the spike in construction despite retail sales growth that has been slower than in previous economic expansions. Space close to population centers has become an especially hot commodity as startups compete for space with such shippers as FedEx and traditional retailers like Macy’s pursue the dream of same-day delivery.
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