Shopping online has become so easy that we forget how much work goes into getting the latest fashions or gadgets to our doors. JLL Real Views explores how the growing popularity of online shopping is impacting Asia Pacific’s warehouses.
In recent times many retailers across Asia Pacific have had to rethink their entire supply chains just to keep up with demand. Across Singapore, Hong Kong, Japan and Australia, logistics space has become increasingly hot property as retail and logistics firms secure the sites they need to keep up with growing delivery volumes and ensure their networks can best serve a diverse customer base.
And these surging activity levels have led to many of the region’s markets ranking among the world’s strongest for industrial real estate investment, according to the World Bank.
Further growth is on the cards across the region. E-commerce already represents 15 percent of total retail sales across Asia Pacific, or US$1.4 trillion, according to research firm eMarketer. And this figure is expected to more than double to $3 trillion by 2021.
Click here to read more about how logistics space has become increasingly hot property in Asia Pacific.