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Against a background of continuous evolution in the way we work, live and navigate in an ever-changing global landscape, the demand for warehouse space has increased across the country – especially in recent years, but even more so during the Covid-19 pandemic. . And it shows no signs of slowing down. In fact, the vast majority of logistics service providers in a recent JLL . survey forecast continued growth in logistics demand over the next three years, meaning more warehouse space is needed to support additional logistics services and infrastructure.
What drives this? For starters, more and more employees are leaving permanent jobs to start their own business. The expedition of e-commerce growth has led more and more people to prefer online shopping, and the latest figures suggest a 43% increase in online sales. There is also demand for last-mile distribution for product sellers, which refers to the last step of a package’s delivery process when it is moved from a distribution center to its final delivery address.