Russia tops the list of European countries with the highest potential in the sphere of logistics.

Russia tops the list of European countries with the highest potential in the sphere of logistics.

JLL and CoreNet Global conducted a survey of warehouse and industrial tenants. According to the results of the survey, which was conducted before the development of recent political events, Russia is the market with the largest logistics potential in Europe. The respondents ranked Turkey as second in terms of potential, and third place went to Poland.

According to polled experts, the main factor that influences the growth of the logistics market is electronic and multichannel retail. Experts forecast a high demand for storage space in Europe in the next three years. The main priority for tenants will be cost reduction. Companies will also pay significant attention to the implementation of measures to cut down on electricity and heat consumption in storage facilities. At the same time, the risks tied to potential climate change are still rarely taken into account.

Further strategies for warehouse market participants will largely depend on the development of electronic commerce and increases in transportation costs. The implementation of green technologies will continue, but companies will limit initiatives to a narrow range of measures.

Nearly two thirds of the respondents plan to increase their storage areas in the next three years. Thus, JLL forecasts that the annual demand for storage space in Europe will be no lower than it has been over the past few years: 38% of the company's respondents believe that they will require large storage facilities in the coming years (30,000-50,000 sq.m.) and 25% will require extra large facilities (over 100,000 sq.m.). Smaller units (less than 10,000 sq.m.) will also be in high demand, as approximately 30% of respondents indicated their interest in smaller spaces as well.

Information provided by www.retail.ru