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More warehousing needed – UBS

Wednesday, 31 Jul 2019 ( #934 ) - Sydney, NSW, Australia
Local News Story
Australia needs an additional 350,000 sqm of new industrial and logistics space
Industrial property is lagging behind e-commerce growth, according to market analyst UBS.

The Sydney Morning Herald cites UBS' latest Evidence Lab report which indicates that e-commerce will grow 13% in the current year, while industrial property availability is tipped to rise just 10%.

A UBS analyst is quoted as predicting that the large rise in demand for online goods will force industrial property developers to find more sites closer to higher-density locations.

The growth in e-commerce is expected to create a requirement for an additional 350,000 sqm of new industrial and logistics space in Australia leading up to a peak in 2022.
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