The United States is the largest and most mature overseas market, with an average daily parcel volume of more than 50 million. The cost of last-mile delivery in the United States has exceeded 50% of its total cross-border parcel freight. Consumers are increasingly inclined to faster online shopping experiences. The number of parcels delivered in the city the next day in the United States accounts for 15% of the total delivery volume. The closer the warehouse is to the population center, the more advantages it has. Warehouses are a very valuable investment field. The demand for commercial warehouses in the United States is strong. Investment institutions such as Goldman Sachs and Blackstone are increasing their investment in this field. The three major industrial belts in the United States are located in the northeast, south and west of the United States. The population density distribution and storage facility layout of these three regions are also similar. There are many warehouse stocks at ports and transportation hubs. Many self-built warehouses or third parties will choose to build their first warehouse in Los Angeles and gather in the western United States because the labor costs and warehouse rental costs in western cities of the United States are moderate, there are many local Chinese, there are many flights, there are ports, transportation is convenient, and the first leg time is fast. California is the closest to China, and it takes about 3 weeks to arrive by sea, but it takes more than ten days to reach China by shipping from New York, and the cost is much higher. At the same time, it is relatively easier to recruit employees in the western United States than in the eastern United States.
In China, warehouses with more than two floors are commonplace, while the United States is vast and sparsely populated, so there is no need to consider saving land. Single-story warehouses are cheap to build, and “warehouse + office” only takes one floor. The FBA warehouse has carried out a layered transformation (Mezzanine) of the warehouse to double the area. However, as urban land in the United States becomes tight, real estate developers have also begun to build multi-story warehouses. Usually, those who rent a warehouse have to deposit two or three months’ rent, and the contract can be signed for one or two years. The landlord of the commercial real estate is responsible for the insurance, taxes, and maintenance of the property, but if these are all borne by the tenant, it is called a triple net lease property (NNN Lease) in the United States. Third-party overseas warehouses and FBA seem to be in a competitive relationship, but in fact they are a complementary relationship. FBA’s first-leg transit, return and exchange, and label change are important businesses of many overseas warehouses.