Strong demand and tight supply define industrial property sector in markets around the world
Demand for industrial property across the globe continues to show remarkable strength in most markets, according to Avison Young’s Spring 2019 Global Industrial Market Report. The demand for space continues to be driven by e-commerce and last-mile logistics as retailers seek further supply-chain efficiencies.
“E-commerce logistics, distribution and warehousing requirements continue to drive the market and are increasing in line with online retail sales,” said Mark Rose, chair and CEO of Avison Young. “This strong demand has driven down supply, with developers increasingly becoming more innovative in regard to maximizing value through the repurposing of obsolete assets such as vacant big-box retail stores and aged office buildings, as well as exploring multi-story facilities in a growing trend that caters to demand for close-in warehousing and distribution.”
Online retail giants and their third-party logistics partners are impacting market dynamics wi