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Last Mile Distribution Premium Calculator

Last-mile locations command significant rent premium in e-commerce era.

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%
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Annual premium value

$600,000

New rent / SF

$18.00

Premium / SF

$8.00

How the math works

Premium/SF = (base × urban %) + driver premium. Annual = premium × sqft.

$10 × 50% + $3 = $8/SF premium × 75k SF = $600k/yr premium. New rent $18/SF.

How to Use

  1. Enter base warehouse rent / SF.
  2. Enter urban density premium %.
  3. Enter driver/route premium / SF.
  4. Enter square footage.
  5. Read total premium value.

Frequently Asked Questions

What is last-mile?

Final leg of delivery from distribution center to end customer. Typically 30-200 mile radius. Post-Amazon prime (2010), last-mile became premium logistics product. Located in/near urban cores to minimize delivery time and driver cost. Facilities are smaller (25-75k sqft), higher dock-door density (1/3,000 sqft), higher turnover of trucks. Commands 40-80% rent premium over traditional warehouse in same market.

Location drivers?

Population density (more density = more packages). Drive time to population (15-45 min avg). Access to labor (driver shortages). Access to highway. Back-of-truck to front-of-house timing (Amazon wants <2 hours). Often converted retail or older industrial in Class B locations. Hard to entitle new — zoning and community opposition. This scarcity drives premium.

Typical premium?

Base warehouse in Inland Empire: $8-12/SF. Last-mile in LA basin: $20-30/SF. Base in central Jersey: $12-15/SF. Last-mile in Brooklyn: $30-50/SF. Base in suburban ATL: $6-9/SF. Last-mile in ATL metro: $15-25/SF. Premium scales with urban population + e-commerce penetration. Secondary cities without last-mile push: minimal premium.

Tenants and credit?

Amazon, FedEx, UPS, USPS, DHL — top credits. Regional 3PLs (XPO, Werner, Performance Team, Ryder) — good credit. Grocery (Kroger, Walmart grocery delivery, Target Shipt) — good. Meal delivery (DoorDash Kitchens, Instacart darkstores) — emerging. Tenant credit materially affects cap rate: Amazon last-mile trades at 150-250 bps compression vs mid-credit tenant.

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