Warehousing spatial patterns and logistics real estate prices: are they related? Exploring a methodology and testing it for the case of US metropolitan areas
Matthieu SCHORUNG, Université Gustave Eiffel, France
Laetitia DABLANC, Université Gustave Eiffel, France
The outsourcing of logistics activities has driven the emergence of an urban logistics real estate market. Urban land and floor space scarcity and economies of scale have mostly relocated logistics facilities towards less dense and more peripheral areas of cities [1–4]. This process, known as 'logistics sprawl,' has compromised urban sustainability, livability, and economic growth [1–2]. Through this research, as a contribution to the Logistics City Chair, we explore the hypotheses that logistics sprawl is higher in cities with a high differential between central and suburban land/rent values. We have compared the urban spatial structure with warehouses' location and rent prices in 48 metropolitan areas in the United States. The methodological steps of this research were based on two primary analyses: (i) the characterization of the urban spatial structure in each metropolitan area and the relationship among urban variables, warehouse location, and real estate rent prices; and (ii) a comparative analysis among the metropolitan areas under investigation, considering the meta-analysis of logistics sprawl in published studies [5] and the differential warehouse rent price concerning central and suburban areas.
Mots clés : warehouses|logistics real estate|logistics sprawl|urban spatial structure
A103012RO