GOING VERTICAL:
MODERNIZING INDUSTRIAL Prior to the precipitous events of COVID-19, we were experiencing significant supply chain shifts across North America in both rural and urban industrial markets. With expectations surrounding the new normal and the rapid uptick pressuring the supply chains, our focus remains committed to meeting the industrial real estate demands of e-commerce.
KEY DRIVERS TO GOING VERTICAL AND MODERNIZING IN FIRST TIER MARKETS
Shaping the future: Boost in inventories closer to densely populated urban areas. Speed to market: Hub and spoke distribution expansion; accommodating forward stocking facilities for expeditated deliveries to consumers. Investors driving capital: The lack of modernization and resulting CapEx is causing ownership transfer from various legacy owners to investors.
Constrained land and assembling sites: Satisfying the need to provide large distribution facilities close to the consumer for final-mile logistics is expected to expand. Height compliments advanced technology: E-commerce distribution centers are implementing cloud-based management, IOT, smart warehouse technology, robotics, wearables and sensors. Increased demand capacity: In addition to the rapid growth in e-commerce, the new normal of stockpiling emergency equipment, meeting demands for essential supplies and increases in cold storage requirements are expected to continue post COVID-19. Occupiers inventory expectation: Occupiers are requiring higher quality buildings with modern design and maximizing height. READ MORE
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// COLLIERS INTERNATIONAL LAS VEGAS //
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