Raport Confidence Index 2024_english veriosn

LOGISTICS AND SUPPLY CHAIN CONFIDENCE INDEX 2024

24

3.2 Logistics Property

We once again asked our respondents questions about their expectations for logistics property. In terms of needing new logistics space, respondents have a positive, but more cautious outllook compared to 2023. 56% (67% last year) of companies are seeing an increased demand for logistics space in 2024, but they expect some challenges. 40% (26% last year) are expecting to need the same amount of space as last year, whereas just 4% are going to downsize or sublet their space.

The expected challenges in obtaining a new facility which were most common among respondents were similar to last year: rents and the location will be the most challenging for 11% of respondents each, while service charges were selected by 10%.

Figure 15. Does your company expect an increase in demand for logistics property in 2024 over 2023 and, if so, will there be any issues in supply or securing the additional warehouse space?

No, we expect to maintain the same amount of space

40%

No, we will be downsizing / sub-letting space

4%

Yes, we will need extra space but expect facility location to be a challenge

11%

Yes, we will need extra space but expect facility size to be a challenge

6%

Yes, we will need extra space but expect facility attributes and quality to be a challenge

6%

Yes, we will need extra space but expect facility costs - construction to be a challenge

6%

Yes, we will need extra space but expect facility costs - rent to be a challenge

11%

Yes, we will need extra space but expect facility costs - service charges to be a challenge

10%

Yes, we will need extra space but expect facility contract terms to be a challenge

3%

3%

Other

10%

30%

0%

20%

40%

50%