Amazon reportedly is seeking proposals from potential capital partners for a warehouse expansion that could include 80 new logistics facilities in U.S. cities and rural areas. The move, said to potentially be worth $15 billion, would reverse a post-pandemic construction slowdown that followed a rapid expansion during the pandemic, according to a Bloomberg report that cited anonymous sources familiar with the matter.
The report said new properties are expected to primarily be delivery hubs where product is loaded for final delivery to homes and businesses. However, larger, multi-story fulfillment centers also could be included, the Bloomberg report said.
The sources told the news outlet that the e-commerce giant is willing to lease the facilities for between 15 and 25 years and could fund some of the sites directly.
Recommended For You
Amazon spokesperson Steve Kelly told Bloomberg that meetings with capital partners are routine.
In the past, Amazon’s expansion strategy has included long-term lease agreements with industrial developers. However, between 2020 and 2022, that approach shifted as the company began buying developed properties and land where it could develop assets in-house. It was highly focused on scarce industrial space near customers as it worked to reduce delivery times. That led to a surplus of warehouse space.
The industrial real estate market is experiencing vacancy rates above 7% for the first time since 2014 as demand has slowed and new supply has increased, according to a report from Jones Lang LaSalle Inc.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Kristen Smithberg
Kristen Smithberg is a Colorado-based freelance writer who covers commercial real estate, insurance, benefits and retirement topics for BenefitsPRO and other industry publications.
