warehouse generic feature

Demand Down for Mega Warehouses, Up for Smaller Facilities

| Mike O'Brien

There are fewer mega warehouses of 1 million square-feet-plus going up, tracking with reduced demand in retail and ecommerce and the challenged economy, according to CBRE, while smaller facilities in strategic locations near population centers are in short supply. Ecommerce companies accounted for seven of the top 100 deals from January through June, down 50% from 14 in 2022.