• 1st Feb 2016

The size and make-up of the UK Warehousing Sector – by Kevin Mofid, Savills

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.

• Supply of warehouses in the UK is currently 32 million square feet
• There is a headline vacancy rate of 7.5%
• But 20% of the stock is not fit-for-purpose

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.

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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.