Amazon has too much warehouse space and would like to buy your company

As the pandemic-fueled enthusiasm for ecommerce has waned, Amazon may now have too much warehouse space.

According to Bloomberg, the retail behemoth could start subletting over 10 million square feet of space and might potentially vacate even more by terminating leases with landlords.

According to unidentified sources, surplus space difficulties are affecting warehouses in New York, New Jersey, Southern California, and Atlanta.

According to two sources, Amazon’s excess space problem might be more than 10 million square feet, with one source stating it could be quadruple that.