Interesting new industrial tenant we started working with to lease space from us. Business model is a new twist on the 3PL model, this time for corporate clients. 👇 
They are basically the WeWork of industrial space. They lease (or buy) 20-200k square foot warehouses all over the city and set them up with racks and digital inventory management systems. They operate a full fleet of trucks and do all of their own stock movement.
Their customers are mostly manufacturers or large distributors who need to store a massive amount of product and to be able to pull it into their sites within a few hours notice.
The digital inventory system integrates directly the client, which gives the them the ability to automatically trigger an order for a pallet of item X to be delivered to location Y when it gets low. No human interaction needed to create a work order.
All of the locations except for HQ are un-manned warehouses, no offices or on site staff, just video surveillance and a trucking crew who shows up to move product in our out.
The locations are strategically spread out throughout the city and often close to the clients they serve.
Fascinated by this business model, and the opportunity these guys saw to create a massive revenue stream by serving an obscure need. They are growing like a rocketship right now and I expect could become a bohemeouth in the next decade.
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