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Liza Helps investigates.
It has been a tumultuous year and what we envisioned only a short six months ago is nothing like our reality now. Back in January and February, the prospects looked promising after the stop/start 2019 plagued with political uncertainty, then the coronavirus struck, and the country was plunged in to lockdown – it looked a bit grim.
But the pandemic has turbo charged the supply chain industry – the question is: is this the new normal?
“Across the board, property consultants,” says Paul Weston, Regional Head of Prologis UK, “are reporting record take-up.”
Indeed, the latest research from CBRE notes that take-up of UK logistics space is 111% higher than this time last year. Third-quarter take up levels have surpassed the record-breaking take-up levels in the second quarter of this year to reach a total of 13.33 million sq ft.