In a report commissioned and published by UKWA, global real estate services provider Savills highlights a critical lack of real estate supply and appropriate development in the UK logistics sector.
The study also revealed that land will become increasingly scare in prime logistics locations like the East Midlands.
The UK economy relies on a supply of warehouse space that is fit for purpose and failure to address shortfalls now will negatively impact the UK economy.
Savills have an international network of more than 700 offices and associates throughout the Americas, the UK, continental Europe, Asia Pacific, Africa and the Middle East.