Prologis Just Built the Warehouse of the Future
Real estate investment trust (REIT) Prologis (NYSE: PLD) owns warehouses. If you aren't familiar with the industry, that might sound pretty boring, but it's anything but. In fact, the growth in online shopping has turned warehouses into a hot commodity. The thing is, owning big empty boxes isn't the wave of the future, and that's why Prologis, long a leader in the warehouse sector, has built what you might call the warehouse of the future in Seattle. Here's why this project is important to Prologis, the warehouse industry, and the growth of e-commerce -- and why you should take the opportunity here with a grain of salt.
Simply put, a warehouse is nothing more than a place to store lots of stuff before it gets sent on to customers. These buildings are a vital link in the supply chain that allow companies to properly serve their end markets, both individual customers and businesses. Although simplistically speaking they are just large structures with ample interior space, there is a lot more going on here than meets the eye.
Image source: Getty Images.
Source Fool.com
