In the US we also have been converting conveniently flat, fertile land near cities into warehouses, light industrial, and parking lots as those are more valuabl

In the US we also have been converting conveniently flat, fertile land near cities into warehouses, light industrial, and parking lots as those are more valuable uses per sq ft. And over time the light industrial doesn't look so good when compared with the townhouses, so they get redeveloped and the infrastructure moves further away, or gets consolidated. The same type of thing happens in cities with old warehouses near ports but I have less exposure to that.