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Amazon and The Home Depot to Share Warehouse Space

Amazon building shutterstock_175315058 Ken Colter - 725 x 500.jpg

The Wall Street Journal has reported that Amazon and The Home Depot are to share space within the same 590,000 sq ft Seattle warehouse.

Amazon has already signed a lease on the Georgetown warehouse and is understood to be taking 500,000 sq ft of space.  The Home Depot's share will be approximately 90,000 sq ft. 

The three-storey site - which is owned and completed by Prologis in 2018 and was the first of its kind in the US - features truck ramps leading to loading docks on the second level and a third floor, served via forklift-accessible freight elevators, for lighter-scale warehouse operations. 

The move is understood to have been driven by the retailers' focus on same- and next-day order fulfilment; The Home Depot looking to be able to reach 90% of its customers within those timescales.  

Multi-storey warehouses are less common in the US than in Asia and Europe but increasing demand for rapid delivery services, especially in cities, are prompting developers to invest in vertical solutions.

Hamid Moghadam, CEO of Prologis, told The Wall Street Journal: “You have to go vertical because you can’t find a 50-acre space in the middle of a city close to the customer.” 

Source : Insight DIY Team

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13 September 2019

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