Strength is returning to the market for mid-sized warehouses, though vacancies remain high for facilities of 100,000 to 200,000 square feet, says Rob Wheeler, vice president for industrial services at Cresa Chicago. Cresa Chicago is a real estate firm that works only with tenants. With 55 offices in North America, it is "the biggest real estate firm you've never heard of," Wheeler says.
Saddle Creek Corporation, a nationwide third-party logistics provider, announced that the company is changing its name to Saddle Creek Logistics Services.
With 92 percent of retailers selling online, 68 percent maintaining brick-and-mortar stores, and 64 percent utilizing catalogs, retailers are embracing a multichannel approach to meet buyer expectations and battle for market share, according to Jones Lang LaSalle's latest report, Retail 3.0: the evolution of multi-channel retail distribution.
A report from Jones Lang LaSalle, China50: Fifty Real Estate Markets that Matter, highlights the opportunities for corporate real estate investors, developers, retailers, logistics companies and hotel operators in 50 secondary and tertiary cities across the country.
Nine cities, defined as Tier 1.5 Transitional Cities, have separated themselves from the pack: Chengdu, Chongqing, Dalian, Hangzhou, Nanjing, Shenyang, Suzhou, Tianjin and Wuhan. They are fast-tracking to maturity and, as large diversified open economies, are creating depth across multiple real estate sectors.
Ten ways to think smarter about distribution center design.
This paper will review four functional areas that are key to smart
warehouse design and operation.