SMALL TO MEDIUM SIZED BUSINESS COULD SPUR MULTI TENANT INDUSTRIAL WAREHOUSES

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Prominent sources and authorities  at Globestreet  have indicated that small to medium sized businesses may spur the construction of multi-tenant buildings.  It is a proven fact that small to medium businesses are showing that there is plenty of opportunity for  SMB’s in niche markets.

E-Commerce continues to grow year after year.  E-commerce is booming and no deceleration in our near future is forseen.  It has taken the retail industry by storm with : double-digit growth each year, not to mention a staggering increase in mobile e-commerce. With the advent of Apple Pay and Alipay, the smartphone becomes a critical purchasing device and this usage will escalate exponentially.

Small and medium sized businesses (SMB) are growing their customer base in unique ways.  E-commerce is booming and I don’t see a deceleration in our near future. It has taken the retail industry by storm with : double-digit growth each year, not to mention a staggering increase in mobile e-commerce. With the advent of Apple Pay and Alipay, the smartphone becomes a critical purchasing device and this usage will escalate exponentially.
Watching an episode of NBC’s “Shark Tank” should convince anybody that e-commerce is alive and well for start-up businesses! These small- and mid-size start-ups are wisely using marketplace third-party logistic (3PL) companies like Amazon, eBay, and Alibaba as their platforms to expand and reach customers who are more prone to using those sales channel.

There are opportunities for industrial real estate providers to help SMBs achieve those goals.Curtis Spencer, President of IMS Worldwide in Houston, Texas believes we may see a surge in multi-tenant buildings or campuses, where several companies combine distribution/fulfillment operations and share technology, docking space, and labor. These buildings and campuses are flexible and can accommodate changing space requirements, so they are a good option for growing businesses. Centers and campuses, often run by 3PLs, need to be accessible to rail and road networks. The opportunity is that they range in size and can be located in smaller regional hubs that serve both local and national markets.