September 13, 2019
LocationNew Jersey/New York
There are at least three multistory warehouses planned for New York City, including a three-story warehouse in Brooklyn with backing from Goldman Sachs Group Inc., according to JLL. Bridge Development Partners LLC and DH Property are planning a four-story warehouse in Brooklyn.
Online retailers in New York City are looking for more than 9 million square feet of warehouse space, but there is only about 5 million square feet under construction, said Rob Kossar, a vice chairman at JLL.
“If you need to do same-day delivery in Brooklyn, Queens and downtown Manhattan, you have to be in the city,” Mr. Kossar said.