Hunt for strategic warehouse space to get the goods to its customers as fast as possible.Amazon.com has spoiled them for anything less.Within six months, ThredUp's chief executive officer, James Reinhart, had signed leases on two additional warehouses.
Space close to population centers has become an especially hot commodity as startups compete for space with such shippers as FedEx and traditional retailers like Macy s pursue the dream of same-day delivery.
The dynamic has helped turn a mundane corner of real estate into a hot property.
We do tours with our capital partners, and after the third one their eyes start to glaze over.
Problems ranged from lack of Internet access to a dearth of public transportation for workers.
In the current building boom, developers are doing a better job of matching new supply to existing demand, said Sam Chandan, president of Chandan Economics, a provider of real estate data and analysis.