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The Development of the Warehouse and Logistic Property Market: And the Effect of E-commerce
KTH, School of Architecture and the Built Environment (ABE), Real Estate and Construction Management.
KTH, School of Architecture and the Built Environment (ABE), Real Estate and Construction Management.
2019 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesisAlternative title
Utvecklingen på lager- och logistikfastighetsmarknaden : Och effekterna av e-handeln (Swedish)
Abstract [en]

Consumer shopping preferences has changed in today’s society. E-commerce is rapidlygrowing and the turnover for physical stores is effected negatively. A segment that hashad an upswing in recent years is the warehouse and logistic property market. Thechange in consumer behavior requires property owners to adapt to the development indemand from their tenants. Furthermore, e-retailers must adapt to how they managethe warehouse and logistic operations. The thesis investigates the development of thewarehouse and logistic property market and if e-commerce has an effect on theproperty segment.Results show a growth in rent levels, negative yield development and an increase intransaction price per square meter. This is further confirmed by interviews held duringthe thesis process. Interviews has been executed with three different segments;warehouse and logistic property owners, retail property owners as well as e-retailers.The development of yield and rent levels show an increase in demand within thewarehouse and logistic property segment and the new developments illustrates thesame for the supply. Furthermore, the transaction price suggests an increase in theinterest for this property segment, compared to 10 years ago. Simultaneously, the ecommerceis rapidly increasing and will expand even more in the future.The effect of e-commerce on the warehouse and logistic property market means newrequired solutions within the warehouse and logistic properties. Focus for the future ison flexibility, automation and other creative solutions. Furthermore, tenant fitting-outand new constructions within the segment is required.

Abstract [sv]

Konsumenters preferenser och köpvanor har förändrats vilket har genererat en ökade-handel. Detta har i sin tur påverkat omsättningen för den fysiska handeln negativt.Samtidigt har fastighetssegmentet lager- och logistik haft en positiv utveckling desenaste åren. Förändringen i konsumentbeteende kräver att fastighetsägare anpassarsig till det ändrade behovet från deras hyresgäster. Dessutom, måste ehandelsföretagenanpassa och ändra sin lager- och logistikhantering. Detta arbeteundersöker utvecklingen på lager- och logistikfastighetsmarknaden samt om ehandelnpåverkat fastighetssegmentet.Resultat visar en tillväxt i hyresnivåer, negativ utveckling av avkastningskravet samten ökning i pris per kvadratmeter. Vidare bekräftas detta även av de intervjuer somhölls under studien. Intervjuerna genomfördes inom tre olika segment; lager- ochlogistikfastighetsägare, fastighetsägare inom detaljhandel och slutligen ehandelsföretag.Utvecklingen av hyresnivåer och avkastningskrav uppvisar en ökadefterfrågan inom lager- och logistikfastighetssegmentet och antalet nybyggnationervisar det samma för utbudet. Vidare demonstrerar de ökade transaktionspriserna perkvadratmeter ett ökat intresse från investerare. Samtidigt ökar e-handeln snabbt samtär förväntad att fortsätta expandera de kommande åren.Den växande e-handeln har en påverkan på lager- och logistikfastighetsmarknaden iform av nya lösningar inom lager och logistikfastigheter. Fokus för framtiden ärflexibilitet, automatisering och andra kreativa lösningar. Dessutom krävs merhyresgästanpassningar och nybyggnationer inom segmentet för att bemöta denstigande efterfrågan.

Place, publisher, year, edition, pages
2019. , p. 64
Series
TRITA-ABE-MBT ; 19 225
Keywords [en]
Warehouse and logistic property market, Ecommerce
Keywords [sv]
Lager- och logistikfastigheter, E-handel
National Category
Engineering and Technology
Identifiers
URN: urn:nbn:se:kth:diva-254816OAI: oai:DiVA.org:kth-254816DiVA, id: diva2:1335465
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Available from: 2019-08-13 Created: 2019-07-05 Last updated: 2019-08-13Bibliographically approved

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