fbpx

Amazon on Track To Double Industrial Footprint Despite Mounting Labor Shortage

Amazon, the world’s largest online retailer, is on track to double its network of distribution centers, fulfillment sites and sorting facilities over a two-year period that began early in the pandemic, preparing for another record-breaking year of industrial expansion even in the face of labor and supply chain headwinds. 

In September alone, the Seattle-based e-commerce and cloud computing company said it opened more than 100 delivery stations and fulfillment centers across the country, a pace that bodes well for the nation’s industrial market given Amazon’s role as one of the largest and most active industrial tenants in the sector. 

“The amount of space we have for inventory is going up at a higher rate than our units shipped right now,” Amazon’s Chief Financial Officer Brian Olsavsky told investors on the company’s latest earnings call, adding that distribution center capacity has doubled since the beginning of the pandemic in early 2020. “We’ve really been chasing demand for the last two years. We expect the long-term trends to be strong in this business, and we’re investing as such.” 

*Article Courtesy of Costar

For more information about New Jersey or Philadelphia health care space, industrial space, retail space, office space, land or other New Jersey and Philadelphia commercial properties, please call 856-857-6300 to speak with Jason Wolf (jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a leading New Jersey and Philadelphia commercial real estate broker that specializes in both New Jersey and Philadelphia cannabis, healthcare space, office space, retail space, land and New Jersey and Philadelphia industrial space.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier New Jersey and Philadelphia commercial real estate brokerage firm that provides a full range of New Jersey and Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other New Jersey and Philadelphia commercial properties for buyers, tenants, investors, and sellers.

A New Jersey and Philadelphia commercial real estate broker with expertise in New Jersey and Philadelphia commercial real estate listings, Wolf Commercial Real Estate provides unparalleled expertise in matching companies and individuals seeking new New Jersey and Philadelphia office space, New Jersey and Philadelphia retail space, or New Jersey and Philadelphia industrial space with the New Jersey and Philadelphia commercial properties that best meets their needs.

As experts in both Philadelphia and New Jersey commercial real estate listings and services, the team at our commercial real estate brokerage firm provides ongoing detailed information about Philadelphia and New Jersey commercial properties to our clients and prospects to help them achieve their real estate goals.  

Please visit our websites for a full listing of South Jersey, Philadelphia, and New Jersey commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Share

Share

Share