www.supplychainbrain.com/articles/23305-logistics-property-values-expected-to-peak-in-2016
Logistics Property Values Expected to Peak in 2016
February 19, 2016
The improvement in the logistics property sector was tied to the simultaneous recovery of the global economy and increased demand for space created by e-commerce companies, who this year expect to see a 23-percent increase in sales, according to a recent report from commercial real estate services firm CBRE. Global online sales will grow to $3.5tr by 2019, the company said, pushing demand for industrial properties toward mid-sized and big-box distribution centers located close to major population centers.
“E-commerce is a game changer, and its impact goes well beyond the retail sector,” said Richard Barkham, CBRE’s global chief economist, in the report.