JLL

Need a warehouse? You may have to wait 9 months

Warehouse demand is at record levels. Driven by rising e-commerce demand and related one- and two-day shipping demands, the need for new warehouses has never been higher.

Real estate services firm JLL (NYSE:JLL) published a survey of over 720 logisticians last month that found 74% predict 5% annual growth or more in warehouse demand over the next three years. About 28% of those said it would be 20% or more, and 71% expect demand from e-commerce to grow significantly through 2024.

That explosion...

https://www.freightwaves.com/news/need-a-warehouse-you-may-have-to-wait-9-months

Global logistics warehouse demand to surge through 2024, JLL says

Worldwide demand for logistics warehousing, already at elevated levels, will continue to surge at least through 2024 as more space will be needed to support growth in multiple industries, notably e-commerce, according to a survey published Wednesday by real estate services giant JLL Inc. (NYSE:JLL)

The survey of 720 logisticians across 43 countries and territories underscores the notion that logistics warehousing growth is a global phenomenon and that demand, which in some regions like the U.S....

https://www.freightwaves.com/news/global-logistics-warehouse-demand-to-surge-through-2024-jll-says

Without changes, warehouses could ground drone deliveries

Maybe not today, and not likely tomorrow, but one day soon, many Americans will receive their first e-commerce delivery by drone. For residents in select areas of the country – North Carolina, Arkansas and Ohio among others – drones are already making deliveries to the home.

Amazon (NASDAQ: AMZN), Walmart (NYSE: WMT), UPS (NYSE: UPS) and Kroger (NYSE: KR) are among the large retailers and delivery providers that are rapidly scaling up drone delivery tests. Others will soon follow.

But while...

https://www.freightwaves.com/news/without-changes-warehouses-could-ground-drone-deliveries

Real Estate Roundup: Industrial real estate grabs attention of big-time investors

Real Estate Roundup is a periodic rundown of developments in the world of industrial real estate used for logistics and transportation. This week: Investors, hungry for higher returns, circle like hawks over industrial real estate.

It’s no secret that industrial real estate has thrived during the pandemic. Supply chain management, warehousing and distribution are viewed as vital to the economy now and in the future.

E-commerce sales, after all, are expected to increase 18% this year to $710...

https://s29755.pcdn.co/news/real-estate-roundup-industrial-real-estate-grabs-attention-of-big-time-investors

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