Warehouse space utilization: value the cube, not only the floor
An analysis based only on floor area ignores the vertical volume between the top of product and the usable clear height. Leading operators track warehouse utilization, pallet-footprint efficiency and cost per cubic foot, not just occupied square footage. The paper separates the product cube (volume physically occupied by inventory and its container) from the facility cube (usable 3D volume after structure, fire protection, access and clearances). The gap between the two is the opportunity.
| Scenario (300,000 SF) | Rate | Annual / project cost | A 10% footprint reduction is worth |
|---|---|---|---|
| Large ground-up warehouse | $77/SF hard-cost benchmark | $23.1M | Before land, soft costs and automation |
| Dense metro: Chicago | $9.30/SF annual asking rent | $2.79M/year | About $279K/year |
| Very urban: New York City | $27.50/SF annual asking rent | $8.25M/year | About $825K/year |
Illustrative only. Sources: Cushman & Wakefield 2025 construction cost guide; CBRE Chicago Q2 2026; WARE Commercial Real Estate NYC Q2 2026. Full citations are in the white paper.
The paper also covers the active-pick-face problem (a "full" slot may hold only 60 to 80% of its theoretical cube) and how cubic ASRS designs like Attabotics reclaim horizontal and vertical void through tote binning and storage that extends into 35 to 45 foot clear heights while preserving direct robotic access.