Capital Region Warehousing and Storage Industry Grows to 9th Largest in Northeast
Since the start of the pandemic, employment in the Capital Region’s warehousing and storage has increased by 75 percent and has grown to the ninth largest industry in the Northeast, according to a Center for Economic Growth (CEG) analysis of data from the New York State Department of Labor and U.S. Bureau of Labor Statistics.
Following the completion of several massive warehousing projects, such as Amazon’s 1 million-square-foot fulfillment center in Schodack and Regeneron Pharmaceuticals’ 212,000-square-foot warehouse in East Greenbush, the eight-county region’s warehousing and storage grew to an average 6,185 jobs in the first quarter of 2022. That is 75 percent larger than Q1 2018 and double the size it was as of Q1 2016.
With Amazon planning another 287,000-square-foot fulfillment center in Schodack and Arnoff Global Logistics nearing completion of a 120,000-square-foot expansion at its Malta campus, the region’s warehousing and storage sector is poised to get bigger. Already, Rensselaer County leads the region for warehousing and storage employment, with 2,266 jobs, or 37 percent.
By the end of 2020, the Hudson Valley, Mohawk Valley and Western New York had larger warehousing and storage industries than the Capital Region. Then the Capital Region’s industry employment pulled far ahead of the upstate regions in Q3 2021 with a 60.4 percent year-over-year increase to 5,258. By Q1 2022, its warehousing and storage employment was 6,185.
Warehousing and storage employment is even larger in the five-county Albany-Schenectady-Troy metropolitan statistical area (MSA) is even larger at 6,691 jobs as if Q1 2022. That is 79.7 percent larger than five years earlier. Among Northeast metros, the Albany-Schenectady-Troy MSA has the nineth largest warehousing and storage industry, based on employment. In New York State, only the New York-Newark-Jersey City MSA has a larger industry.
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