Amazon continues to make headlines with its recent announcement that it plans to sublease about 10 million square feet of surplus warehouse space and may vacate nearly 30 million square feet (Bisnow). If Amazon’s sudden glut of space is indicative of a market peak, it begs the question of who is at the most risk. Of the 3.5 billion square feet of industrial space delivered in the U.S. over the last decade, 75 percent has been concentrated in big-box warehouses of at least 150,000 square feet (CoStar). While the shallow-bay industrial community will not be immune to any correction, smaller warehouses should fare better as the economy confronts higher interest rates.

I N D U S T R I A L   N E W S

Amazon Looking To Shed 10M SF In Warehouse Space
Bisnow – May 22, 2022
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Amazon Reportedly Ready To Dump Excess Warehouse Space
Globe St. – May 23, 2022
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What’s Next For Big-Box Industrial?
ReJournals – May 24, 2022
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Rising Costs, Limited Supply Place Pressure On Thriving Industrial Property Market
Commercial Property Executive – May 4, 2022
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Investors, End-Users Compete For Last-Mile Warehouses As Rents Skyrocket
WealthManagement.com – May 16, 2022
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R E G I O N A L   N E W S

Where The White-Hot St. Louis Warehouse Market Is Headed
St. Louis Business Journal – May 18, 2022
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Chicago Industrial Real Estate Vacancy Rate Falls To Record Low
Freight Waves – May 4, 2022
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Stonelake Capital Partners To Build Spec Georgetown, Texas Industrial Project
Connect CRE – May 25, 2022
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New PE Venture Led By Commercial Real Estate Vets Buys Boulder Portfolio
Daily Camera – May 19, 2022
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The Top 20 Cities CRE Investors Are Targeting
Globe St. – May 24, 2022
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