Even though imports are not coming as fast, and inventories are already high, demand for warehouse space has not slacked off. Read some conjectures as to why.
The Inland Empire is seeing rates as high as $100/square foot. Even the slowdown in Amazon warehouse openings, where they have chosen to rent out their space rather than occupy it, has not affected the demand.
By Ian Putzger, Americas correspondent 05/10/2022
US warehouse market stays tight, and pricey, as it bucks rate decline trend – The Loadstar
Supply Chain and Logistics 
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