Amazon reportedly plans to get rid of anywhere between 10M SF and 30M SF of warehouse space, a move that represents a dramatic reversal for the company that has for years had the most voracious appetite for industrial real estate. But its about-face hasn`t chilled the hungry market for distribution space — on the contrary, companies that have been competing in a historically tight industrial market see the move as a window of opportunity that hasn`t been this open since the pandemic supercharged the need for dedicated logistics space... ...more RSK: This is only a drop in the bucket in the whole scheme of things and no doubt will be snapped up by others. Still, it is a sign that things have slowed a bit at Amazon. Last Mile isn`t as crucial as it was before since they have little or no competition other than Walmart. Ken Notes: I think Amazon is looking for another buy, Kohl`s comes to mind. | ||
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