A greater demand for last-mile distribution may be driven by B2B users, which prefer infill locations versus new construction.
“Last-mile distribution” is quite the buzzword in industrial real estate now. Most who use the phrase are trying to couple the excitement around the digital aspects of “just-in-time” deliveries, growth in online shopping, and innovations in door-to-door or even drone deliveries.
By raising the banner of last-mile distribution, some industrial real estate professionals think they can contemporize the way their warehouses are viewed and used, without making substantial changes to the warehouses themselves.
I disagree.
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