Episode 538: Link Logistics CEO Luke Petherbridge on Supply Chains, Speed and Last-Mile Demand

Why It Matters

Faster delivery expectations and limited infill supply are reshaping warehouse demand, favoring large, data‑driven landlords like Link Logistics and supporting pricing power and long‑term occupancy in last‑mile assets. That dynamic has implications for logistics networks, real estate investors and retailers competing on speed to consumer.

Summary

Link Logistics CEO Luke Petherbridge described the U.S. industrial real estate market as resilient with balanced optimism, driven by accelerating e-commerce, faster last‑mile delivery expectations, infrastructure and advanced manufacturing investment. He emphasized last‑mile real estate—small, infill warehouses close to end users—as a scarce, high‑demand niche because customers now expect same‑ or next‑day fulfillment. Petherbridge highlighted Link’s scale (about 3,000 properties, 400+ million sq ft and roughly 8,000 customers) and Blackstone backing as competitive advantages that provide rich operational data to guide development and investment. He also noted that record‑low new supply and the difficulty of infill development underpin attractive fundamentals for landlords focused on last‑mile assets.

Original Description

Link Logistics CEO Luke Petherbridge goes Inside the ICE House to discuss the resilience and evolution of industrial real estate in a rapidly changing economy. He highlights the rise of last-mile logistics and e-commerce demand as key drivers shaping the sector’s growth. Petherbridge explains how Link leverages scale, data, and customer service to support tenants ranging from global enterprises to small businesses. He also outlines how AI and technology are enhancing operations, insights, and tenant experiences across the portfolio.