What Blackstone’s purchase of $18 billion worth of warehouse space tells us about e-commerce.
What Blackstone’s purchase of $18 billion worth of warehouse space tells us about e-commerce.
Logistics warehouses have emerged as the battleground for e-commerce sites trying to lure customers with one-day delivery. Now Blackstone Group is betting big on logistics, paying $18.7 billion for 179 million square feet of warehouse spaces in urban areas around the country. The move makes Blackstone a major player in the warehouse space, doubling its logistics holdings. With more and more online retailers promising same-day delivery, the location of warehouses is becoming more important than ever.
Click the audio player above to hear the full story.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.
