Faced with urban densification and the e-commerce boom, last-mile logistics is emerging as an essential real estate segment for astute investors.
The Last-Mile Challenge
The "last mile" accounts for up to 20% of total supply-chain costs. Optimising this segment is crucial for operators, creating sustained demand for flexible, accessible storage space within city limits.
Micro-Hubs and Dark Stores
New asset formats are emerging: underground logistics micro-hubs, dark stores for ultra-fast delivery, and car-park conversions. These assets offer attractive yields thanks to their scarcity and strategic locations.
Sustainable Investment
Tomorrow's urban logistics will be green. Environmental regulation is pushing towards decarbonised deliveries (cargo bikes, electric vehicles). Real estate assets adapted to these new transport modes will see their value appreciate considerably.
Conclusion
Investing in urban logistics means betting on the sustainable transformation of our cities. It is a resilient asset class, carried by powerful structural fundamentals.
