Customer Experience
E-Commerce Driving Bigger Demand for Smaller Warehouses, CBRE Says
With growing e-commerce and consumers expecting faster shipping times, the demand for small warehouses is soaring. “Rents for US warehouses of between 70,000 and 120,000 square feet rose by more than 33.7 percent over the past five years, to an average of $6.67 per square foot, according to real estate consulting firm CBRE Group Inc. Availability for such spaces plunged to 7.4 percent from 11.3 percent during that same period, the biggest....