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The Upland, California, Planning Commission is considering limits on warehouse size, truck hours and volumes to manage the spread of logistics and industrial development in the predominantly residential city.
Upland is only one city dealing with the seemingly insatiable demand for new logistics space located closer to customers.
Driven by the growth of e-commerce, warehouse demand exceeded supply in Q4 of 2020 and early 2021. The national vacancy rate fell to 4.8%, according to the Industrial Business Indicator from Prologis. Warehouse development is barely keeping pace with the pandemic-driven spike in e-commerce and the trend for additional safety stock to guard against supply chain volatility. While millions click and shop, not everyone welcomes an influx of tractor-trailers and delivery vans onto their city streets.
The 44-year-old building will get a makeover, beginning in 2024.
As the DJC first reported earlier this month, a waterfront industrial building at 6901 Fox Ave. S. sold for nearly $21.2 million. The new owner subsequently rebranded itself as Bridge Industrial (from the old Bridge Development Partners). It also shared plans for the Georgetown-area property, which won t be redeveloped.
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SEATTLE A waterfront industrial building at 6901 Fox Ave. S. sold for nearly $21.2 million, according to King County records.
The buyer was Bridge Point Seattle 130 LLC, associated with Bridge Development Partners, which hasn t filed any new plans for the property.
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