Amazon has pulled out of more than 14 million square feet of distribution space across the U.S. over the past 16 months as it seeks to cut spiraling expenses resulting from its record growth during the pandemic. That amounts to about 3% of Amazon’s U.S. logistics footprint as tracked by CoStar.
Amazon Ratchets Up Warehouse Sublease Offerings Offsetting Newly Leased Space
North America’s Largest Industrial Tenant Maintains a Defensive Real Estate Strategy
CoStar Analytics
November 15, 2023 | 11:45 P.M.
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