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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Commercial Warehouse Lease Agreement Terms: What You Need to Know Commercial warehouse lease agreements are unlike other kinds of leases. These high-stakes contracts follow no standards. Each is unique. Because they are long term and involve lots of money, playing a central role in business operations and profitability, you need a solid understanding of the…
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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…
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Understanding commercial warehouse pricing in New York requires that you go beyond simple supply and demand. Looking at how commercial warehouse space is used in the New York Metro area is the key to understanding the drivers of warehouse price and value. Commercial Use Price Drivers As a space for storing goods, the traditional purpose…
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