Working better in 2021: Industrial
From the cold chain that moves vaccines to groceries purchased on an ecommerce site, the demand for and importance of logistics is clearer than ever.
- Improve conditions for essential workers too: When amenities are discussed, it's usually in relation to offices. But essential workers at industrial facilities, the lifeblood of the supply chain, need amenities too. In 2021, leading developers and designers of logistics properties will increase their emphasis on ergonomics and employee wellness.
- If you build it, they will order: The COVID-19 pandemic and associated shelter-in-place policies have accelerated e-commerce growth and the need for warehouse space across the nation. JLL expects e-commerce sales to hit $1.5 trillion by 2025. The U.S. will need 1 billion square feet of new industrial space this decade to keep up with demand.
- Follow your 2030 goals: In order to meet the carbon-neutral supply chain targets of many large companies, industrial spaces will need to focus on sustainability.
Established and emerging markets forecast
Established markets: The markets with higher population counts and density (red on the map) are where we see immediate existing need for last-mile facilities. These areas have some of the lowest vacancy rates in the country and need space immediately to meet local delivery needs.
Emerging markets: The emerging markets (gray on the map) are experiencing rapid population growth. They may have higher vacancy rates due to more readily available land to build. However, based on their current growth trajectories, these markets will need last-mile facilities in the very near future.
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