Warehouse vacancies are at an all-time low, indicating a need for more space in response to an uptick in online shopping:
“E-commerce requires greater amounts of space than traditional fulfillment, with broader and deeper levels of inventory to meet the expectations of the online shopper. The absence of physical stores means that everything must be stocked in the warehouse. In addition, many modern facilities incorporate value-added activities, such as returns handling and white-glove service, within their walls.”
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