Commercial construction may take a pause, and Citi says Amazon is reason why

Published Wed, May 4 202210:36 AM EDT

An Amazon employee prepares an order during a tour of the advanced robotics facility fulfillment centre, YHM1, in Hamilton, Ontario, Canada April 19, 2022.

Nick Iwanyshyn | Reuters

Amazon recently told investors it now has more than enough warehouse and distribution space, raising a "red flag" and signaling a future slowdown in non-residential construction, and maybe even the steel market.