The Impact of E-Commerce Companies on Commercial Real Estate in India
With the advent of e-commerce, businesses have been abandoning traditional brick-and-mortar stores in favor of online shopping. This shift in consumer behavior has changed the face of the commercial real estate industry in India. In the past few years, e-commerce companies have emerged as one of the largest renters of commercial space in the country, transforming the commercial real estate landscape. Firstly, online retailers are becoming increasingly important tenants due to their need for warehousing and distribution centers. E-commerce companies require large warehouses and fulfillment centers to store and package products, and to ensure quick and efficient delivery to customers. Consequently, e-commerce companies are driving the demand for warehousing facilities, especially in prime locations with good transport links. This has led to a spike in demand for industrial real estate in India. Secondly, the growth of e-commerce has led to an increase in the demand for last-mile de...