New research shows that the Build to Rent sector has witnessed an overall 100% increase in deliveries compared to pre-pandemic levels. Unfortunately for those in the sector, the deliveries being referred to are not completions of new units but actual deliveries of packages to housing blocks that are creating a huge headache for the management on site.
The research by Parcel SafePlace reveals the impact of continued growth in delivery volumes year-on-year. The data found that the Build to Rent sector has witnessed an overall 100% increase in deliveries compared to pre-pandemic levels, meaning a 400-unit building will now have to deal with over 12.8k more parcels annually than four years ago.
Comparing annual data from 2019 through to 2023 across a total of 7,374 Build to Rent residential units, Parcel SafePlace reveals that the number of packages received per month has doubled since 2019, reaching an average of 5.2 packages delivered per unit.
This growth in deliveries has placed an unprecedented demand on building concierge services today when looking at the scale of the deliveries, for example a 400 unit building today will need to deal with 50,400 annual parcel interactions from pickup to delivery for its residents, which equates to almost 1,000 deliveries per week.