Will the recent surge in online sales be maintained and what does it mean for logistics real estate?

Contributors

Justin Hildebrandt
Managing Director, Development

Karen Martinus
Senior Associate, Global Research

July 2020

Introduction

Online shopping has emerged as invaluable during the covid-19 crisis. Consumer behavior has changed significantly due to the pandemic and the online retail industry has seen strong growth. but, to what extent is this a temporary or permanent shift?

The UK, Europe’s largest e-commerce market, saw a strong rise in the value of sales online in May 2020. According to the latest data, the monthly value of online sales increased by 19.7%. Online retail sales as a proportion of all retailing soared to a record high of 33.4% in May as consumers switched to online purchasing following the pandemic.