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Warehouse demand at unprecedented levels in cities like Savannah: JLL

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Robotic arm taking a cardboard box in a warehouse

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As retailers’ beef up e-commerce operations and invest in faster delivery for customers, the appetite for warehouse space is rocketing higher, according to a new report.

This year, demand among mass merchandisers for logistics facilities to store inventory and pack and ship online orders will be the highest it has ever been, said commercial real estate services firm JLL.

JLL has been tracking pent-up demand among big-box and value retailers including Walmart, Target, Big Lots, TJX and Costco, all of which are vying for warehouse space. Some of these companies are playing catch up to Amazon, which for years has…



Source cnbc.com

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