As more and more retail goes online, well-located and flexible industrial warehouse storage space is becoming increasingly desirable and harder to find, with an increased demand for sophisticated warehouse storage solutions and efficiencies.
The Industrial Market in 2018 and 2019, should be two more strong years throughout the country. According to IBIS World’s general warehousing industry report, warehousing is a $5.3 billion industry in Australia, with a predicted annual growth of 2.8% from 2017-2022.
Warehousing appears to be going from strength to strength, as costly operation inefficiencies continue to be minimised through the utilisation of technology and effective warehouse storage solutions.
Inventory volumes from the private sector are predicted to increase, and the outsourcing of logistic functions become commonplace.
The widening of the Panama Canal may seem irrelevant to the humble Aussie shed, but when the supertankers filled to the brim with no end of goods start heading our way, there will be the need for more large scales warehouses.
In another three years, its forecast that industrial warehouses across the main cities will be as much as 200,000 square metres in size. In contrast, the Melbourne Cricket Ground is 20,000 square metres.
To put it into perspective, before 2011 only one of the online giant Amazon’s 10 distribution centres in Europe was larger than 90,000 square metres. Today, 10 out of 27 Amazon distribution centres are larger than 90,000 square metres, according to Colliers International.
Along with the on-line retail wave, there is a growing importance of cold storage, driven by perishable and pharmaceuticals that require refrigerated or frozen storage.
The rising demand for fresh, organic and gluten-free foods will require some users to invest in more materials handling, warehouse storage and strategies.