Will Multistory Warehouses Catch On? In NYC And A Handful Of Markets, Maybe.
Rising over 150 feet above the Gowanus Canal in Brooklyn, the Sunset Industrial Park is set to become the largest multistory warehouse in the nation when construction is completed in early 2021. Tractor-trailers will weave their way up, around and through the structure, exchanging goods to be delivered to the more than 8 million people that make their homes in New York City.
While the warehouse has been hailed as a landmark feat in terms of both scale and industrial design, it is unclear whether Sunset Industrial Park is a harbinger of more multistory projects to come in the U.S., or a one-off project only suited for the nation’s largest and most demanding industrial market.
“The U.S. is definitely in the infancy of multistory,” said JLL Managing Director Leslie Lanne, who leads the brokerage team for Sunset Industrial Park. “New York City [is] the trailblazer. But there’s only a handful of other markets that can support this kind of construction.”