While supply bottlenecks caused by Covid-19 lockdowns are easing and opening the door for commercial sector property growth, the market for industrial properties looks very different, raising the stakes for operators to think outside of the box, says JSE-listed property development company Redefine Properties industrial national asset manager Johann Nell. With the capital costs of relocating high, industrial companies, such as logistics companies, are looking for a better deal. Instead of just renting one box, they want a facility that includes add-ons and technology like racking and other supply chain components, as well as more climate-friendly and secure solutions.
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