The warehouse arms race is heating up—again. In the wake of AI-driven demand and supply chain restructuring, companies are racing to expand their logistics footprints. But at Beyond Query, we’re urging a more deliberate question: are you building a strategic asset, or just adding square footage?

Every warehouse investment is a choice between two paths:

Greenfield development — high Capex, high control, long lead times.

Revitalizing existing assets — faster to market, but often with hidden structural or operational constraints.

Investors often see new builds as a clean slate—but those slates come with permitting delays, zoning resistance, and rising construction costs. Meanwhile, adaptive reuse looks efficient on paper but can balloon with retrofit costs and outdated infrastructure.

At Beyond Query, we evaluate these tradeoffs not just as investors—but as operators. Our experience across fulfillment, automation, and industrial design helps our portfolio companies ask the right questions early:

Will this asset scale with demand cycles?

Can it integrate next-gen robotics or grid tech?

Will retrofitting sink more capital than it saves?

“Capex decisions made too fast can lock up liquidity and flexibility for years,” notes a Beyond Query operating partner. “We help teams model not just what it costs to build—but what it costs to operate, pivot, and exit.”

As infrastructure investors, we don’t default to build or buy—we dig deeper. Because in a logistics landscape shaped by volatility and velocity, real value lies in knowing what you're really paying for.