Volumes set to 'fall off a cliff' as US firms hit the brakes on sourcing and bookings
Cargo owners should brace for a “cliff event” similar to the turmoil in the early ...
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By Ian Putzger
Warehouse rents in the US are rising rapidly as e-commerce gobbles up space faster than it can be replenished.
In some cases, the urge to bring on new capacity seems strangely muted: when it comes to cargo facilities at US airports, there seems to be no hurry to add new or overhaul existing cargo infrastructure, despite serious bottlenecks exposed in last year’s peak season.
Real estate firm CBRE’s Industrial Availability Index was down to 7.3% in the first quarter, which marked 31 consecutive ...
Comment on this article
Hannan Ahmad
June 02, 2018 at 4:58 pmGiven the public interest of buying everything online, e-commerce industry has boomed a lot fastly as compared to the previous years. Because of this boom, the need of more warehouses has increased but due to the shortage of space, the rent on warehouses has been increased around the globe. The world right now has 9 markets out of which American owns 6 and the rent increased to 9.9 percent in 2015. As result shippers and investors in the US are having quite a hard time in securing warehouses and distributing space because now they have to pay a lot more.