LONDON-Demand for logistics space worldwide will gently push cost by 1.6% annually over the next five years, according to a recent industry research.
DTZ Research, London, recently released its third Global Occupancy Costs - Logistics report, provides future outlooks for 54 markets across Asia Pacific, Europe and the US. The firm says that cost increases should stay below the overall inflation rate, in contrast to higher escalation experienced in 2012.
Globally, the five least-expensive markets are dominated by the Chinese tier II cities of Wuhan, Shenyang and Chengdu, with Atlanta and Marseille rounding out the list. Costs in all these markets are below $70 per square meter annually. Meanwhile, London Heathrow remains the most expensive market globally - at $313 per square meter, followed by Hong Kong, Zurich, Singapore and Oslo.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
