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Industrial's Big Niche

Published Wednesday, November 01, 2006

A whopping 120 million tons of consumer goods poured into the U.S. in 2004, up 140% over the 48 million tons imported a decade earlier. That dramatic import growth is having a profound effect on industrial warehouse/distribution space, leading to bigger and bigger boxes. A decade ago, 300,000 sq. ft. was the definition of a large warehouse — today it's upwards of 1 million sq. ft. The number of warehouses is also growing. At midyear, 57 distribution centers under construction in the U.S. measured 500,000 sq. ft. or more, up from 15 at midyear 2001, according to Grubb ...

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