What is Amazon paying in rent for Last Mile Warehousing?
Does anyone know what Amazon is paying pr sqft for their last mile warehouses in California?
[{"id": "hyve7lc", "text": "about 3.50", "replies": [{"id": "hyx3fhq", "text": "Meme worthy and actually true", "replies": [], "depth": 2}], "depth": 1}, {"id": "hyvfbd5", "text": "For a build-to-suits, they are trying to make developers agree to a yield on cost that is 100bps above projected exit cap rates.  I\u2019m not familiar with California costs but on the east coast that comes out to $17-$22 psf annually.", "replies": [{"id": "hyvkm4f", "text": "Accurate answer here^\n\nThat\u2019s really your max upside with them these days. They know the power they hold.", "replies": [{"id": "hywe1nd", "text": "Like being in RE with Thanos.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hyvfdee", "text": "Depending on size anywhere from $8-$15/SF NNN would be my guess.", "replies": [], "depth": 1}, {"id": "hyxdbht", "text": "We quote AMZL's in California at \\~5.0% YOC. It really matters how good your relationship is with KBC.  The real negotiation is the land value (assuming we already own it or have it under contract).", "replies": [], "depth": 1}]