{"id":61,"date":"2018-10-17T13:01:50","date_gmt":"2018-10-17T17:01:50","guid":{"rendered":"https:\/\/www.lee-associates.com\/miami\/?p=61"},"modified":"2020-04-16T19:29:28","modified_gmt":"2020-04-16T23:29:28","slug":"developers-are-scrambling-to-meet-growing-demand-for-warehouse-space","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/southflorida\/2018\/10\/17\/developers-are-scrambling-to-meet-growing-demand-for-warehouse-space\/","title":{"rendered":"Developers Are Scrambling To Meet Growing Demand For Warehouse Space"},"content":{"rendered":"

With manufacturing on the decline, developers are increasingly turning old industrial buildings into distribution centers to meet growing demand for warehouse space.<\/p>\n

According to a report by Newmark Knight Frank, e-commerce is driving demand for industrial properties that can be repositioned into or demolished to make way for distribution centers.<\/p>\n

In the past decade, the U.S. has lost roughly 640,000 manufacturing jobs, according to the Bureau of Labor Statistics<\/strong>. Thomas Hanna<\/strong>, president of Harvey Hanna & Associates, said that while \u201cmanufacturing isn\u2019t entirely dead\u201d his company couldn\u2019t make the economics work to keep a former General Motors assembly plant in Delaware as a factory for luxury cars. Instead, the company will raze the plant to make way for four buildings designed for the logistics industry with additional warehouse space.<\/p>\n

\n

\u201cLogistics is the\u00a0fastest-growing segment\u00a0within the real estate industry,\u201d Hanna said. \u201cEveryone is trying to figure out how to get their product to the consumer the fastest.\u201d<\/h3>\n<\/blockquote>\n

 <\/p>\n

Source:\u00a0 The Real Deal<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

With manufacturing on the decline, developers are increasingly turning old industrial buildings into distribution centers to meet growing demand for warehouse space. According to a report by Newmark Knight Frank, e-commerce is driving demand for industrial properties that can be repositioned into or demolished to make way for distribution centers. In the past decade, the U.S. has lost roughly 640,000 manufacturing jobs, according to the Bureau of Labor Statistics. Thomas Hanna, president of Harvey Hanna…<\/p>\n","protected":false},"author":76,"featured_media":62,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,105],"tags":[35,37,34,36],"class_list":["post-61","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-industrial","tag-bureau-of-labor-statistics","tag-e-commerce","tag-logistics","tag-thomas-hanna"],"yoast_head":"\nDevelopers Are Scrambling To Meet Growing Demand For Warehouse Space - Lee & Associates South Florida<\/title>\n<meta name=\"description\" content=\"Developers are increasingly turning old industrial buildings into distribution centers to meet growing demand for warehouse space\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/southflorida\/2018\/10\/17\/developers-are-scrambling-to-meet-growing-demand-for-warehouse-space\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Developers Are Scrambling To Meet Growing Demand For Warehouse Space\" \/>\n<meta property=\"og:description\" content=\"Developers are increasingly turning old industrial buildings into distribution centers to meet growing demand for warehouse space\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lee-associates.com\/southflorida\/2018\/10\/17\/developers-are-scrambling-to-meet-growing-demand-for-warehouse-space\/\" \/>\n<meta property=\"og:site_name\" content=\"Lee & Associates South Florida\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-17T17:01:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-16T23:29:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2018\/10\/old-warehouse-1024x576.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"ssabatier\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ssabatier\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2018\\\/10\\\/17\\\/developers-are-scrambling-to-meet-growing-demand-for-warehouse-space\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2018\\\/10\\\/17\\\/developers-are-scrambling-to-meet-growing-demand-for-warehouse-space\\\/\"},\"author\":{\"name\":\"ssabatier\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/#\\\/schema\\\/person\\\/d5447dfddeb31f214f5f2eb84c74068a\"},\"headline\":\"Developers Are Scrambling To Meet Growing Demand For Warehouse Space\",\"datePublished\":\"2018-10-17T17:01:50+00:00\",\"dateModified\":\"2020-04-16T23:29:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2018\\\/10\\\/17\\\/developers-are-scrambling-to-meet-growing-demand-for-warehouse-space\\\/\"},\"wordCount\":174,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2018\\\/10\\\/17\\\/developers-are-scrambling-to-meet-growing-demand-for-warehouse-space\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/wp-content\\\/uploads\\\/sites\\\/62\\\/2018\\\/10\\\/old-warehouse-1024x576.jpg\",\"keywords\":[\"bureau of labor statistics\",\"e-commerce\",\"logistics\",\"thomas hanna\"],\"articleSection\":[\"All News\",\"Industrial\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2018\\\/10\\\/17\\\/developers-are-scrambling-to-meet-growing-demand-for-warehouse-space\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2018\\\/10\\\/17\\\/developers-are-scrambling-to-meet-growing-demand-for-warehouse-space\\\/\",\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2018\\\/10\\\/17\\\/developers-are-scrambling-to-meet-growing-demand-for-warehouse-space\\\/\",\"name\":\"Developers Are Scrambling To Meet Growing Demand For Warehouse Space - 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