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Mr. Sager offered the example of a company he recently worked with, which was looking for warehouse and distribution space in New Jersey or Pennsylvania.
"We expect speculative development activity to increase in 2004," Mr. Caccavo said, "as the inventory of Class A distribution space continues to decline".
By contrast, he said, the market for distribution space around Kennedy Airport, where the shipments are often over great distances, including foreign destinations, is more susceptible to turnover.
It was calculating whether to position the building as warehouse and distribution space or as flex space, suitable for office use.
Each building is divided into blocks of 5,000 to 20,000 square feet to draw start-up as well as expanding companies needing office and distribution space.
Jason Goldman, a senior director for Cushman & Wakefield in its Iselin office, said the vacancy rate for distribution space around Fairfield is now about 5percentt and the average building rents for $5.50 to $6 a square foot.
"Traditional companies are changing to e-commerce and doing more business over the Internet, but they still need production and distribution space to get their products out," said Michael Nachamkin, the president of Whitehall, an affiliate of Goldman , Sachs
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Rental rates for warehouse-distribution space in New Jersey increased a slight 1.8percentt last year, to $5.56 per square foot.
That means the need for warehouse/distribution space will mushroom.
We understand it might well be back in the courier/distribution space Allason knows so well.
The particles-and-boxes picture above corresponds to the physicists' multidimensional 'phase space', which describes which individuals have which properties, whereas the field- theoretic representation corresponds to 'distribution space', which simply describes which properties are instantiated in what numbers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com