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CBRE Explains Favorable Conditions for Multistory Warehouse Development

A recent CBRE report on industrial and logistics property indicates demand has outpaced supply for 32 consecutive quarters.

2505 Bruckner Ave. 2505 Bruckner Ave., industrial warehouse in the Bronx/ architectural rendering

NEW YORK CITY—The factors indicating the most favorable conditions for developing large, multistory warehouses are a large dense population, high industrial land prices and rents, and significant e-commerce use among residents, according to CBRE.

Analyzing those factors, the brokerage and advisory firm found the top five cities to develop multistory warehouses in the US are New York City, San Francisco, Miami, Chicago and Los Angeles. The sixth one listed is Seattle, WA—where Amazon is headquartered.

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Betsy Kim

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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