A long-vacant site at the East 14th Street exit from I-35/80 and in Des Moines will be home to a nearly 1 million square feet of warehouse space, serving a burgeoning industry as pandemic-related online shopping and other forms of e-commerce grow.
The NorthRidge site has been vacant since, but occupies in a prominent regional location off I-35/80 — two highways that transect the nation — making it a prime area for companies wanting both visibility and access to the interstates and Northeast 14th Street, said Chris Pendroy, vice president at CBRE | Hubbell Commercial, which is working to secure leases.
Warehouse space in the Des Moines metro has been a prime commodity as e-commerce companies look for new locations and businesses contract with third-party logistics companies. Nationally, the pandemic fueled online sales, which reached a new high of $788 billion in 2020, a 32% increase from 2019, according to CBRE.
The Des Moines metro saw more than 1.5 million square feet of space added in 2020 — about 35% more than the previous two-year average, according to data from CBRE | Hubbell Commercial.
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