The Warehouse as a Servicemodelis a relatively new, but fast-growing phenomenon. Partly driven by the scarcity of space for ecommerce fulfillment,and partly driven by skyrocketing customer demand, this new model isexpanding. What is Warehouse as a Service (WaaS)? Warehouse as a Service is amodelfor outsourcing some or all logistics functions, such as storage, stock management,…
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We have written how COVID-19 online shopping has impacted the warehouse space market in the New York Metro area, but that is not the only impact of the pandemic on this market. The spaciousness and adaptability of warehouse real estate is highly valued now, as organization grapple with social distancing at work. The COVID-19 guidance…
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If you are in the market for office space, the implosion of WeWork should factor into your search. The growth of flexible workspace and the coworker office space trend has been driving up rent prices. WeWork Financial Woes Are Creating Opportunities WeWork leases 8.9 million square-feet for flexible workspace in New York City, which is…
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Old commercial warehouses in the New York metro area, once considered obsolete, are now part of a hot leasing market as logistics companies fight to win the “last mile” race. Class-B, -C, and –D industrial space in and near the city is being snapped up by companies needing to pre-position product as close to consumers…
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