Freight Market Drop-Off And Amazon -- April 11, 2022

Amazon: Roxy will be among US's largest industrial buildings of 2022. Link here. Details here.

• fulfillment centers: proxy for US demographic trends
• Amazon based in Seattle; comes home with new fulfillment center;
• Puget Sound; Seattle; location: Arlington
• 2.8 million-square-foot project
• five-story building (which is way different than what we see in Texas; generally sprawling onoe story facility)
• 635,000-square-foot footprint, with parking: 10 football fields
• a 212,000-square-foot mezzanine
• another 494,000 square feet on floors two through five
• parking for 1,250 cars; 314 trucks; 51 loading docks
• $355 million; Cascade Industrial Center
• Snohomish County; wiki entry.
• Seattle: in King County to the south; but location of fulfillment center within Seattle metropolitan area;
• look at this: associated with seven of the ten largest warehouse projects on track to finish this year

Concern: freight train slowdown. Transitory. Link here.

Freight market in five graphics, link here. Direct to ArgusMedia.