Industrial Real Estate & Amazon’s New Strategy!
It seems the e-commerce giant, Amazon, has a new strategy when it comes to industrial real estate. According to Bisnow, they spent at least $450M over the past year to acquire industrial properties and development sites rather than lease. Amazon has contributed more than any other company to the growth in prominence and value of distribution facilities, leasing them up in huge numbers across the country to build out its supply chain for delivering goods to customers.
Of course, it would only make sense to purchase the industrial real estate properties rather than lease if the option is available. Chicago-based industrial broker Hugh Williams said. “If you recognize you’re doing billions of dollars’ worth of real estate around the world every year, maybe you think to yourself, ‘Why don’t I just do that? Why don’t I own that?’ It makes sense to me.”
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