• This Is London's Hottest Property - Thanks to Amazon

    4 monthes ago - By Fortune

    Nevermind West End shopfronts and Mayfair offices. The big money in London real estate is chasing small warehouses.
    Rents for the dwindling amount of industrial space inside cities are soaring as online retailers like Amazon.com Inc. seek local hubs to cut delivery times. That, in turn, is luring some of the world's largest investors, from Blackstone Group LP to Singapore's GIC Pte.
    The Amazon effect first reached big-box warehouses, those located outside of town that can span the size of 15 soccer fields. Now urban warehouse space is succumbing, upending the commercial property market's...
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