G4 Logistics News

As of this point in 2022, there are over 20,000 private warehouses in the US according to the Bureau of Labor Statistics. The average annual growth in the number of warehouses in the US has been 3.2% per year over the last 5 years. This means the US has added over 3,000 warehouses in that period. Over the same 5-year period, e-commerce growth has significantly outpaced warehouse growth with an average annual growth rate of 16.5%. Today, only 14.5% of sales are made via e-commerce so that leaves a solid runway for continued warehouse demand. Normalizing for tangible goods vs virtual goods, it appears warehousing construction will continue to grow year over year.