What is “Last Mile Logistics?”

Timur Tecimer Overton Moore Properties

Rick Kolpa Prologis

Pat Ryan Cabot Properties

Ben Conwell Cushman & Wakefield

The Rules of Fulfillment Have ChangedThe Need for Speed

1.30

1.35

1.40

1.45

1.50

1.55

1.60

1.65

1.70

1.75

Source: U.S. Census Bureau, Company filings, Federal Reserve, Cushman & Wakefield Research

0

50

100

150

200

250

300Traditional eCommerce

Retailer’s DilemmaRetailer’s Inventory-to-Sales Ratio

How Important is eCommerce to Industrial?Net Absorption (MSF)

Cushman & Wakefield 3

Four Building Types in Two DimensionsService Level & Urbanization

Two factors that will shape successful fulfillment chains over the next five years

4

And the Growth is Far From Done

6

Explosion of Emerging Delivery Technologies

8

Video ClipPrologis Georgetown Multi-story

11

Questions?