The responses to our fourth annual Industrial and Logistics census, in association with Property Week, Savills and Analytiqa, suggest the market is in good health and has a positive future outlook.
The major talking point of 2020 has undoubtedly been the COVID-19 pandemic, which has had a seismic effect on the way many companies in the industrial and logistics sector operate.
It is not surprising that 81% of developers, investors, land agents, advisors and agents believe that take-up will rise (27.1%) or remain similar (53.8%) next year.
Christian Matthews, director at Tritax Symmetry, says that for those people who work at the coalface of the logistics sector, and have been working ﬂat out throughout 2020, the results of the census will come as little surprise. “Perhaps more interesting is to stop and consider why there has been so much positive activity in the sector,” says Matthews.
This year has seen the sector’s highest-ever recorded take-up (46.8m sq ft).
Matthews says: “Given the economic repair work required in 2021, it is reassuring that the sector is rising across the board to the demands being placed on it.”
Read the full article here