The ‘Amazon effect’ makes smaller London warehouses hot properties
Bloomberg News
Never mind West End shopfronts and Mayfair offices. The big money in London real estate is chasing small warehouses. Rents for the dwindling amount of industrial space inside cities are soaring as online retailers like Amazon.com Inc. seek local hubs to cut delivery times. That, in turn, is luring some of the world’s largest investors, from Blackstone Group […]