As demand for industrial space in urban areas rises to meet the growing appetite for same-day delivery, a new generation of vertical warehouses is appearing. JLL Real Views explores if they can become the norm.
For warehouses looking for space to grow in many of America’s big cities, the only way to go is up.
Take New York City. The rise of e-commerce and same-day delivery is ramping up demand for industrial space in one of the country’s biggest consumer markets. That demand is colliding with the city’s chronic land shortage — and city restrictions aimed at easing traffic congestion — leading some property developers to plan multi-story warehouses.
A rarity in America and most of the Western world, vertical warehouses are common in Asia, where smaller trucks can more easily navigate ramps to upper floors.
Click here to find out how they can work in America.