Online and onward!

E-commerce
As much as 15 mln sqm of space in new e-fulfilment facilities could be needed in Europe to satisfy the online sales sector’s demand for logistics space over the next five years. How will this change the market as we know it today?
The forty year history of e-commerce has been a story of impressive growth – and this trend is more than likely to continue. In 2016 e-commerce in Europe is expected to generate app. EUR 509.9 bln of online sales of goods and services. According to the European B2C E-commerce report by Ecommerce in Europe, this figure will signify growth of 12 pct y-o-y, slightly less than the 13.3 pct growth of 2015. This surge in online sales is way above the growth of general retail in Europe, which in 2015 came to just 1 pct. “According to the various reports that have been published, the e-commerce segment is growing at a rate of 12 pct to 15 pct per year. This very positive trend should continue for at least a couple of years,” says Robert Pawłowski, a senior industrial and logistics negotiator at CBRE. Direct leases the majority How is this exponential growth affecting the industrial property market? Prologis’ research includes a detailed lease-by-lease review to quant
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