#industrial-real-estate

#industrial-real-estate

The proposed development site is a short distance from the city's downtown. This proposal has emerged about five years after Amazon bought an industrial site at the corner of South Seventh Street and East Alma Avenue, where the e-commerce giant intends to develop the distribution hub. In 2020, the tech titan paid $59.3 million for the 17.8-acre site, documents on file with the Santa Clara County Recorder's Office show.

"If tariffs cause imports to fall 25% as predicted by the Tax Foundation think tank, the result would be severely negative for the industrial market with rising vacancy and slowing of new construction," analyst Jesse Gundersheim said.