Capital Region storage, warehousing industry among top Northeast performers
The warehousing and storage industry is booming in the Capital Region.
New numbers from the Center for Economic Growth are eye-opening.
Since the start of the pandemic, employment in the Albany area’s warehousing and storage industry has grown to one of the top 10 largest in the Northeast.
The industry grew to an average 6,691 jobs in the first quarter of 2022. That’s 80% larger than what it was during the first quarter of 2020.
That growth follows the completion of several massive warehousing projects, including Amazon’s 1 million sq. ft. foot fulfillment center in Schodack and Regeneron’s 212,000-square-foot warehouse in East Greenbush.
There are also smaller new warehouses, such as the $7 million warehouse that Chris’s Coffee Service built in Latham, and the Port of Albany’s new Big Lift Maritime Warehouse.
Richard Sleasman, president and managing director of CBRE-Albany, said in a statement:
“The region’s strategic location along the I-87 and I-90 corridors – combined with its daily round-trip access to the major Northeast markets – makes it a preferred distribution center for many firms in the wholesale and retail supply chain.”