Logistics real estate: Past performance is no guarantee of future results
Numerous developers are finally daring to take the risk of constructing new logistics real estate once more. Now that the economy is growing again and the need for storage space is rising rapidly, property developers are initiating new-build warehouse projects without necessarily having a tenant lined up. That was less of a problem in the past since there was general agreement on the definition of a ‘market-conforming’ building, but the growth of e-commerce is increasingly muddying the waters when it comes to this definition. As a result, the logistics real estate market faces some important decisions.