February 8, 2019

2019 will see a greater focus on last-mile and city logistics. Many retailers are already strengthening their store-based fulfillment capacity to satisfy customer demand for quicker delivery. With consumers expecting faster delivery times, there is a looming shortage of urban infill sites for last-mile delivery, prompting developers to build vertically. While this is already common in Asia Pacific markets like Hong Kong, Singapore and Tokyo, it is now gaining traction in the U.S. and some markets in Europe, with Seattle, New York, London and Paris leading the way. These markets possess the requirements for multistory development: high population density and land values, strong e-commerce penetration and tight logistics market conditions.

2019 Global Real Estate Market Outlook

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