SOME PROPERT Y IMPLICATIONS
There is a continuing inter-dependence between
countries across the globe, but the cost and dynamics
of production have changed.
Ever larger deep-water docking facilities will be
needed with the latest container ship exceeding the
expanded Panama Canal.
As deep-water facilities compete with each other, dock-side logistics will become even more sophisticated,
with speed and cost of transport from dock-side to very
important customers. These docks will focus on high-bulk, high-weight to cost of production, with fewer but
Meanwhile, technology is changing and high-value
to low bulk, and weight product manufacturing will
increasingly be brought back on-shore. But these will
not be labor-intensive facilities, but driven by highly
skilled technicians in specialized high-grade facilities.
The space age shows us the way; what has been a
normal style of building for those making satellites
on science parks will set the standards for more
manufacturing facilities in the future.
Both these trends will link up with the extraordinary
growth of on-line shopping and purchasing, including
click and collect which can reduce mailing and
other delivery costs, and the expansion of consumer
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Houston College Station The Woodlands
PROF. ANGUS MCINTOSH,
FRICS; Economic and
Consultant with Real
Estate Forecasting Ltd.,
Oxford Brookes University,
NAI Global and REMIT
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