WSJ News Exclusive | E-Commerce Drives New York City Warehouse Boom

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WSJ News Exclusive | E-Commerce Drives New York City Warehouse Boom
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Warehouses are emerging as New York City’s hottest property type, with the pace of growth in sales of these e-commerce distribution centers exceeding those of office and apartment buildings this year

As the rest of New York City’s real-estate market has cooled, warehouse sales during the first nine months of the year reached almost $1.7 billion. That was more than double the total for the same period in 2016, according to a report from B6 Real Estate Advisors, an investment brokerage.

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