What if your underused spaces could create value?
As demand for urban industrial space intensifies, what spaces do you have which could work harder?
Real estate within cities is evolving and the way freight is moved across cities is also changing. As sustainability and the drive to create clean air zones in cities moves up both corporate and government agendas, we are seeing companies adapt by implementing all-electric fleets in their last mile deployment.
Alongside this, the pandemic has accelerated changing consumer habits and the online grocery market has evolved, moving to an on-demand market. Companies are now offering shorter delivery times to get goods to consumers more quickly - gone are the days of 2-3 delivery windows, city consumers now expect to receive items in a day or just a few hours. Several new companies have been set up recently to offer delivery within 10 minutes of a consumer ordering from their app, this has created a surge in demand for smaller hubs in cities to undertake this delivery offering.
With very few options of industrial availability in inner cities last mile operators need to consider alternative uses for their last mile deployment and electric fleet charging.
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JLL’s Urban and City Logistics team has been formed to help investors, developers and occupiers address the issues of population and economic growth, environmental concerns, the continued rise of e-commerce and lack of industrial land supply which has made the movement of goods within urban areas increasingly difficult and in need of new real estate solutions. It will work with JLL’s leasing, supply chain and capital markets teams to draw upon the wealth of personal and global experience and deliver a service across the development cycle. Urban and city logistics will also utilise the expertise of JLL’s retail, planning, property asset management, sustainability, research, alternatives and office teams to deliver repurposing and repositioning opportunities.
To find out more about urban and city logistics, click here.