Although there are consumers who feel like they are more than overwhelmed when it comes to finding that perfect Christmas gift or seasonal purchases for a home, the reality is that merchants have a far larger task. In fact, behind every single item that is sought after by a consumer is a long line of merchandise production, transportation schedules, and jobs that include determining warehouse space needs. And while it can seem frustrating to not be able to find that popular toy that you want to give your grandchild for Christmas, the fact of the matter is that many of these toys had to be ordered a year to 18 months in advance. Never knowing for sure how well a particular product will sell can make it difficult to predict how many of any given product to order. A significant part of this difficulty is tied to the costs and scheduling of determining warehouse space needs.
The Warehousing and Distribution Industry Is an Important Part of the Nation’s Economy
In a time when consumers are purchasing more than ever it should come as no surprise that the amount of occupied distribution and warehouse space has increased by 86.2% since the year 2000. In fact, warehouse storage not only provides space for products while they for the announced shelf space, it also serves as a way for many people to invest. Building warehouse space is the process of offering a commodity that offers years of profits without a lot of maintenance.
Consider some of these facts and figures about the warehouse and storage industry and the impact that it has on the nation’s economy:
- E-commerce is expected to grow at a compounded annual average rate of 10% over the next five years. This, of course, means that it will be important to create tremendous opportunities for both developers and owners of warehouse and distribution space. In fact, distribution warehouse space is a very promising investment warehouse.
- As many as Approximately men and women in America work in the warehouse and storage leasing industry.
- Locating affordable warehouse space is an important part of many retail companies.
- For investors, determining the right rental price is an important part of being successful.