After Covid19 Warehouse Demand May Rise in Cities
The demand for small warehouses within city limits is expected to rise over the next one year as e-commerce firms are targeting to ensure same-day deliveries of food and grocery items to customers, according to a report.
The demand is likely to be for warehousing of 5000-10,000 sq ft size, property consultant Colliers International said.
“E-commerce companies are focussing on same-day delivery with the pandemic-influenced lockdowns placing greater dependency on e-commerce for food and grocery items,” the report said.
The consultant said that e-commerce companies are now trying to stock a larger proportion of inventory closer to their customers’ locations for efficiency and to improve the quality of products upon delivery.
“Over the next 12 months, we believe in-city warehouses ...