(Bloomberg) -- The demand for “last mile” storage space in the U.S. -- the final link in the logistics chain, from the warehouse to your house -- is rising with online shopping and amid strong economic conditions. A new report identifies 10 cities, most of them far from the coasts, readiest to cash in on that demand.
Core cities remain “robust,” the real estate services firm Colliers International writes in the report, but the fastest growth is in secondary markets “with growing populations, economic rental rates and land available for development, as well as close proximity to logistics hubs.”
To contact the reporter on this story: David M. Levitt in New York at dlevitt@bloomberg.net.
To contact the editors responsible for this story: Daniel Taub at dtaub@bloomberg.net, Peter Jeffrey, Paul Armstrong
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