Warehouses are overwhelmed by America's shopping spree

Posted on AllSides November 16th, 2021
From The Left
Michael M. Santiago/Getty Images

Doug Kiersey has been building, buying and leasing warehouses for almost 40 years. He's never seen a time like this.

"It's completely unprecedented," says Kiersey, president of Dermody Properties, which owns warehouses used by some of the country's largest retailers. "In some markets ... we're over 99% occupancy."

In simplest terms, America's warehouses are running out of space. It's all claimed and bursting at the seams.

How did that happen?

Warehouses have become a key middle link in the country's supply chain. Couches, phones, floorboards and virtually everything else a...

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