Search
 

"Last Mile" Distribution Still in the Early Stages

The demand is getting intense, but distributors are still trying to figure out how to do it, say panelists at RealShare Industrial, and developers need to stay flexible.

By Sule Aygoren | Updated on September 13, 2017

chi-rs industrial2 (3) The morning panel at yesterday’s RealShare Industrial conference in Chicago was moderated by Ronan Remandaban, co-founder and chief executive officer of Liquideed.

CHICAGO—The rise of e-commerce has created the demand for a vast amount of new industrial space, but it has also introduced a level of unpredictability not seen in past booms, RealShare Industrial panelists in Chicago said yesterday. Speakers at a morning panel moderated by Ronan Remandaban, co-founder and chief executive officer of Liquideed, discussed how the need for “Last Mile” distribution centers had transformed the sector, especially in dense urban areas, and how developers and brokers should navigate this new landscape. But there were no easy answers.

“This sector is evolving on Internet time, not regular time,” said Geoffrey Kasselman, executive managing director, national industrial practice, Newmark Knight Frank. And the creation of a whole new world of distribution centers, for which there is no existing model, means users will experiment. Essentially, they are throwing everything against the wall, and seeing what sticks.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.