Cooling demand increases warehousing vacancies, with rents inching down
Cooling demand has ended the long run of increasing warehousing costs and nudged the average ...
As the battle between China’s e-commerce giants heats up, the country’s logistics operators – and the wider logistics community – are finding themselves core beneficiaries. The Financial Times reports that “millions of dollars” are being spent by the e-commerce brigade to secure everything necessary to run their operations, including “prime” warehouse space. Head of industrial at JLL China says the country has taken online consumption to the “greatest level in the world”, generating some $1 trn in revenue in 2017 alone.
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