Never was the take-up of logistics properties so high in the first half of a year as in the first half of 2021.
Global trade, which is undergoing a rapid recovery following a dip caused by COVID-19, is largely responsible for this trend. It is expected that the demand for logistics property from this segment will continue to grow over the coming period. Brexit and e-commerce are also responsible for a continuing growth in the demand for logistics properties.
Between the demand by distributors focussed on national and international trade and distributors focussed on e-commerce, there is still, however, a substantial difference. The former mainly focus on easily accessible locations with sufficient staff within reach. For e-commerce, it is most important to be located as closely as possible to as many end users as possible. This so-called last mile delivery, and the corresponding last mile logistics, are therefore assuming an increasingly prominent role within the logistics property market. And in a country such as the Netherlands where space is scarce, the space available for city logistics is even scarcer.
The most important questions are therefore: to what extent does the share of the demand for logistics property now concern these last mile occupiers? And are there, given the shortage of space, still sufficient locations where these parties can base themselves? And if so, where are they located?
"The space available for city logistics is scarce, while demand is growing substantially"
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