I was asked recently how many 53′ truck trailers could be stored on one acre of land and though I would share my answer, based on conversations with my clients and within my company. The first point to make about determining the storage capacity of land or any other two or three dimensional object is that it wholly depends on the configuration. A 30′ x 1452′ acre will have a significantly different storage capacity than a 209′ x 209′ acre. Assuming the acre is functional in shape, meaning closer to a square than a bowling alley, estimates typically range from 34-40 trailers per acre with no truck cab.
The second point to make is that as the land increases in size, the number of trailers that can typically be stored per acre goes up. For example, my team is marketing an 8 acre land parcel and a space engineering firm created a layout with 394 trailer parking spots for a total of 49 trailers per acre, with 23 trailers spots double stacked.
- Amazon continues to expand its distribution center network in an effort to keep up its Prime two-day service platform. Meanwhile, an investor has recently purchased a 1M square foot Amazon distribution center in Phoenix.
- A new report by Cushman & Wakefield states in the short and long term, multi-tenant distribution properties have been some of the best performing commercial real estate properties in the U.S.
- FedEx recently announced plans to build a 800,000 square foot distribution space in the growing Lehigh Valley distribution hub in Pennsylvania. The WSJ recently ran an article on the Lehigh Valley, which is becoming a favorite of e-commerce companies due to its proximity to New York City and other eastern metropolitan areas of the U.S.
- Wal-Mart recently purchased 169 acres of industrial land just south of Denver International Airport in Colorado. Wal-Mart did not disclose what it planned to develop on the site however speculation has centered on a large e-commerce facility similar to the the five existing e-commerce facilities they operate in the U.S.
- Global refrigerated warehouse capacity grew 600 million cubic meters this year according to the Global Cold Chain Alliance. However, most agree this is not enough to support the ever-increasing worldwide demand for fresh food. Capacity is expected to increase in developing countries as disposable income levels rise.
- Aldi announced plans to develop a 500,000 square foot divisional headquarters and distribution center in Dinwiddie County, Virginia.
- E-commerce continues to drive industrial real estate in the U.S. According to PwC, an e-commerce operation uses 1/5 more warehouse and distribution space than traditional brick and mortar operations. Outside Chicago, the e-commerce “effect” has fueled significant industrial development, which has seen over 1 million square feet of speculative space since 2015.