News / Global warehousing costs set to rise as capacity slips behind demand

U-Freight’s e-commerce fulfilment centre in Penang

Shippers and consignees need to brace themselves for a significant increase in US warehousing costs, according to real estate giant CBRE.

It warned that rampant demand, coupled with tight supply and rising construction costs, could drive up warehousing rents by 10% this year.

And the scramble for warehouse capacity is not confined to North America. UK market research firm Interact Analysis predicts double-digit growth in the global warehouse and fulfilment sector over the next five years.

Its analysts expect the global warehouse building ...