Third-party logistics providers are now leasing more warehousing space than any other sector amid growing demand for 3PL services. CBRE's 2023 North America Industrial Big Box report found that 3PLs accounted for 41% of all lease transactions at traditional warehouses and distribution centers, with at least 200,000 square feet in 2022, surpassing retailers and wholesalers for the first time on record.

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Penske Logistics has released a new guide to warehouse planning to aid companies in evaluating and determining the ideal warehouse strategy for their business.

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What Is a Warehouse?

A warehouse is a storage place for products that, if designed well, increases business efficiency. Inventory stored within the four walls of a warehouse is organized or slotted to ensure products are in the right place at the right time, making picking or pulling goods for distribution a much easier and efficient process. Warehouse design is the foundation of an efficient supply chain, and warehouses can be privately owned, shared between multiple clients or rented out from a third party.