The realm of e-commerce has transformed the region’s industrial product, as online retailers snap up available warehouse and storage space close in to major population centers to decrease transportation costs and times. As Seattle itself has urbanized, new and modern warehouse space has become increasingly scarce, requiring developers and tenants to adjust to new types of industrial inventory. For Amazon, this has meant taking nearly 500,000 square feet of space in Prologis’ Georgetown Crossroads in South Seattle, according to industry reporting. Home Depot is expecting to lease the remaining 90,000 square feet.
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