06.10.22
Companies are locating distribution operations closer to air cargo ports as they contend with a raft of challenges, particularly higher transportation costs. Transportation comprises 45% to 70% of overall supply chain costs, according to CBRE Supply Chain Advisory, compared with just 3% to 6% for occupancy costs. So locating near airports can be highly cost effective. The reshoring of some manufacturing operations has been another catalyst for demand in airport markets. As a result, industrial properties near airports now command rents that are 18.8% higher than the typical industrial property.
