Amazon's Warehouse Bender (and Hangover)

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Amazon was already a major user of warehouse space leading up to 2020, but over the course of the next couple of years they doubled their industrial real estate inventory.

Fast forward to today when they released earnings for 2022 and they reported a $2.7 billion loss. The CEO said that cutting costs will be his top priority, so it's a fair assumption that we'll hear more warehouse sub-leasing or projects being cancelled.

But I also believe they will continue to dominate the e-commerce space so I wouldn't be surprised to see activity bounce back once they've let everything balance out.

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