News / Demand for warehousing expected to pick up – but facilities must be up to date

© Justlight

Global warehouse demand is expected to pick up at the end of the year, according to Transport Intelligence (Ti), but it warned that ‘outdated’ warehouses would not secure premium contracts as shippers demand more modern and sustainable storage operations.

In its Q1 24 Warehouse Tracker, Ti reports that warehouse costs have increased steadily since the first quarter of 2022, although that growth has been dented by high vacancy rates.

In particular, markets in north-east Asia have “a very high vacancy rate” and ...