With a massive increase in profits over the last year, Amazon.com is expanding its physical presence in Iowa.
The online retailer signed a lease agreement on March 11 to move into an Ankeny warehouse, according to Polk County property records. Meanwhile, the Davenport City Council is set to vote next week on a development agreement for a facility near the Iowa-Illinois line that, by all appearances, will be a much larger Amazon fulfillment center.
The new projects would give the company at least six warehouses in Iowa all opened in the last 13 months. The company s largest presence is in and around the state capital, with four warehouses in the Des Moines metro.
Construction to begin in fall on warehouse project that will add 1 million square feet of space to Des Moines
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Construction to begin in fall on warehouse project that will add 1 million square feet of space to Des Moines
businessrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessrecord.com Daily Mail and Mail on Sunday newspapers.
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With fewer â and sometimes no â employees working from the office for what has turned into a period of months, local business owners and managers began to look at the bottom line and wonder if they needed as much space as they had. Many have decided they donât, and the result is that they have condensed operations into less space and have looked at subleasing the remaining space.
The CBRE|Hubbell Commercial Marketview Snapshot for the fourth quarter 2020 tells the story: More commercial real estate space is now available for subleasing. More commercial space is on the market largely due to the âsurges in new supply from user-driven reductions of existing office occupancy just prior to the pandemic,â according to the report.