Monday, July 18, 2016

When search failed me (or, those big buildings around us must be Pokemon gyms or something)

You're probably well aware that if you buy a product from someone, that product doesn't go from the manufacturer directly to you. There are a number of intermediate steps that are required to get that product to you. Even if you buy the product online, rather than in a brick and mortar store, those steps occur. Amazon, for example, has to secure warehouses all over the country - especially to fulfill orders for same day delivery.

According to PYMNTS, there's a problem with that:

The bad news for online brands that rely on same-day and express shipping came down this week from commercial real estate firm CBRE. In a report, Chief Economist for the Americas Jeffrey Havsy explained that, at the close of Q2 2016, available retail warehouse space had fallen to just 8.8 percent of overall capacity. Not only is that the 25th quarter in a row that retailers have been buying up floor space in fulfillment centers faster than contractors can build it, but out of the 57 major metropolitan markets Havsy and CBRE looked at, 37 posted net losses in retail warehouse availability.

Although PYMNTS didn't include a list of the 57 metropolitan areas, my guess is that the Inland Empire didn't post net losses in retail warehouse availability. Heck, we have warehouses all over the place, and there's the big fight in Moreno Valley over a proposed massive logistics center.

But to get the authoritative word on this, I went to the Inland Empire Economic Partnership website, and searched the site for warehouse information.

That was not the result I expected. Or perhaps those aren't really warehouses across our region; maybe they're something else.

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