UK: Warehouse take-up hits third-quarter record high

07.10.2016

UK: Warehouse take-up hits third-quarter record high
Logistics Manager, 07 Oct 2016, Online:-
The take-up of warehouse space stood at 10.4mn sq ft in the third-quarter of 2016, according to Savills. That figure is a new record for a third-quarter. The previous record was 9.3mn sq ft in 2014. The market is being driven by continued growth in online retail and logistics, as well as strength in the automotive sector. Savills said the North West accounted for 21% of take-up in the quarter.
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