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Four Trends that Drive the Commercial Warehouse Market in New York

The major trends that drive the commercial warehouse market in the United States are amplified in the New York region. The size of our market, its position as a global business center, and the population density of the New York Metro Area give such trends greater impact here. That affects warehouse rental prices and the price of every warehouse for rent.

New York Commercial Warehouse Market as a Trend-Setter

Commercial warehouses were some of the first buildings ever constructed in New York City. From the city’s earliest days as a trading settlement to its status now among the world’s busiest ports, New York has been the site of commercial warehouses of every kind.  New York City has always been a trend setter in the commercial warehouse market.

Warehouse Rental: Four Top Trends

New market dynamics are driving your choices and the price you can expect to pay for a warehouse for rent. Here are the top four trends:

  1. Synchronized Commerce. Today’s consumer demands a near endless variety of products be immediately available at the convenience of a mouse click. The impact of this trend is greatest with the “last touch” and “infill” warehouses that are close to or within population centers like New York. Space has always been at a premium in this commercial warehouse market. Today that premium is steep and growing steeper.
  2. Tech Enabled. The relentless drive for efficiency is powering the adoption of technology in nearly every corner of the warehouse. From big data analytics and predictive modeling to robotics and automation, commercial warehouse space in New York is going high tech.
  3. Urbanization. More Americans are living in cities than ever before. More Americans living in population clusters fuels congestion and rising prices—and that impacts your choices when looking for a warehouse for rent.
  4. Multi-use. The use of warehouse space for hipster offices, tony galleries and hot nightclubs has been going on for decades. What is new is that the e-commerce revolution has flipped multi-use warehouses in New York on its head. Demand for warehouse rentals is so high that non-traditional spaces are being turned into warehouses in a “creative sourcing” trend. Empty big box stores, open office space, parking garages, and even an abandoned military facility in Bayonne have become warehouses for rent.

One Stop Spaces lists commercial warehouse rental properties that span the commercial warehouse market options. We have your trendy office space, your historic sites, and many, many options for commercial warehouse operations.

From close to ports and transportation junctions to “last mile” locations, One Stop Spaces can provide with choices and can facilitate your logistics strategies.