Discussion

• @yevp @yevp on x

  Wonder if the lease agreement will have something like a non-compete because it feels that the perfect tenant is going to be in a very similar business. https://twitter.com/...

• @supheci_kimse @supheci_kimse on x

  Amazon, stuck with too much warehouse capacity now that the surge in pandemic-era shopping has faded, is looking to sublet at least 10 million square feet of space and could vacate even more by ending leases with landlords. https://www.bloomberg.com/...

• @stanphylcap @stanphylcap on x

  So much for the hottest sector (maybe the ONLY hot sector) in commercial real estate. If $AMZN needs to unload space, so do a LOT of e-commerce companies. https://twitter.com/...

• @aoverk @aoverk on x

  Amazon is looking to cut back on warehouse space. This should let you know how things are going. https://twitter.com/...

• @rebovichinst @rebovichinst on x

  The beginning of the end? So many New Jersey communities would be left holding the bag. https://twitter.com/...

• @mattmday Matt Day on x

  One asterisk: “huge” for any real human looking at a building, and for most companies. But maybe a few percentage points of Amazon's gargantuan real estate footprint

• @h_thoreson Hannah on x

  Probably the strongest indicator that people think the softening economy is more than a temporary blip or because of reopening/war. ☹️ Amazon, stuck with too much warehouse capacity, is looking to sublet at least 10 million square feet of space https://www.bloomberg.com/...

• @dofornop Paul do Forno on x

  While @Amazon is looking to reduce 10 Million square feet of warehouses, according to this article, note this is around only 2% of their overall warehouse footprint “Amazon Aims to Sublet, End Warehouse Leases as Online Sales Cool” @spencersoper @Bloomberg https://www.bloomberg.c…

• @jimpethokoukis James Pethokoukis on x

  “It shouldn't be hard to find tenants. The vacancy rate for industrial space is below 4%, an all-time low, and rents were up 17.6% at the end of 2021, according to a February report from Prologis.” https://www.bloomberg.com/...

• @capitalobserver Tsachy Mishal on x

  We will soon find get a better sense of the profitability of Amazon retail as investment falls off a cliff https://twitter.com/...

• @firstadopter Tae Kim on x

  Don't seem like Amazon anticipates a big rebound anytime soon $AMZN via @spencersoper “looking to sublet at least 10 million square feet of space and could vacate even more by ending leases with landlords, according to people familiar with the situation.” https://www.bloomberg.co…