Prime European logistics facilities will remain in high demand throughout 2020 as e-commerce growth accelerates, according to Savill’s latest report.
- Following the COVID-19 outbreak, a number of European countries have temporarily shut their borders and instructed workers to stay at home in order to contain the virus, creating warehouse labour shortages.
- Online retail sales growth continues to exceed analysts’ expectations and given the COVID-19 outbreak has increased consumer dependence on e-commerce, it is likely that this shift will accelerate faster, particularly for countries with lower penetration rates.
- We expect that the structural changes affecting the logistics sector will continue to pique investor interest and that the logistics sector will be one of the most sheltered commercial property sectors from the pandemic.
Read the Savills Article or download the report for further information.
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