Warehousing Is (Still) On A Roll

Global warehousing demand is at an all time high.
Adrian Sulyok/Unsplash

Not all real estate is created equal and those who doubted that have been successfully course-corrected by the pandemic. 

While office, retail and hospitality real estate assets continue to burn their transmissions trying to climb out of the 2020-21 ditch, warehouses are on a roll. 

Yeah? Got Some Numbers?

Per this report, the global demand for warehousing has witnessed a sharp increase in 2021 and is slated to go up by 7% YoY to reach USD285 billion in 2022 and USD326.3 billion by 2024.

In India, leasing of industrial and warehousing real estate across the top-8 cities increased by 35% in 2021 (over 2020) to 35.1 million sq. feet. 

What's Triggering This?

Increasing online purchases of fresh produce and grocery, day to day stuff, and pharmaceuticals, fuelled by the COVID-19 pandemic, is the biggest growth driver for warehousing today. 

Digging a bit deeper: 

🔼 A big increase in ecommerce, pharmaceuticals, online buying of groceries, and the rapid rise of the dark store. 

🔼 Wholesalers and 3PLs have been relying on inventory-at-hand to effectively address supply chain disruptions. 

🔼 Plus, the need for modern urban distribution centres to ensure hassle-free last-mile deliveries, trade embargos, and geopolitical issues have been the driving factors for this global demand growth for warehousing and cold storages.
Previous Post Next Post