Economic uncertainty triggers demand for warehouse space

As some retail and e-commerce firms are increasing operations to meet customers’ necessities and home deliveries, there is now a surge in demand for warehouse space.
 
The industry is benefitting from the dislocation of commercial and social activities resulting in increasing demand for goods bought online. It also fuels the need for distribution facilities at a pace that’s higher than the market has seen previously and high demands in warehousing due to increasing demand for delivery service.
 
Although there is less construction of new warehouses, people are presently converting their properties to mid-sized warehouses. Before now, when there is no high demand for warehouses, some people converted their warehouses to churches as some churches today are occupying warehouses, but now reverse is the case as people are converting from other uses to warehouses because of the high demands…
 
More details through:
https://guardian.ng/property/economic-uncertainty-triggers-demand-for-warehouse-space/
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