According to the latest reports, a growing trend among the 25 largest U.S. retailers is to own—rather than lease—the warehouses where their products are stored.
Article credit: The Wall Street Journal, October 26, 2021
RETAIL GIANTS like Amazon.com Inc. and Costco Wholesale Corp. think they have found a way to boost their e-commerce operations and save money: Own the warehouses where they stack piles of products.
While most retailers still tend to lease the shops where they sell products, more firms are calculating that they will save money in the long run and have more control by owning the warehouse where they store and distribute their goods to online customers. The 25 largest U.S. retailers acquired about 38 million rentable square feet in new industrial space last year, up from 18.8 million square feet the previous year, according to commercial-real-estate data provider CoStar Group Inc. That is the highest total for at least the past 10 years.
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