Amazon’s Warehouse Pullback Seen As Opportunity For Upstarts To Play Catch-Up


Amazon’s Warehouse Pullback Seen As Opportunity For Upstarts To Play Catch-Up


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...
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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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- - Volume: 10 - WEEK: 24 Date: 6/7/2022 8:14:53 AM -