The outlook for the UK industrial and logistics sector remains fairly positive despite uncertainty caused by Brexit regulations. according to the results of the third annual logistics census we carried out in association with Analytiqa, Savills and Property Week.
60% of occupiers who responded said that they expected to require more industrial and logistics space over the next two years, whilst 86% of the developers, agents, investors and landowners who responded to the survey think industrial and logistics take-up in the next year will rise or remain similar compared with this year.
This forecasted increase in take-up comes off the back of a solid performance this year. Kevin Mofid, director research at Savills, explains: “Occupier demand in the logistics market remains strong with more than 28million sq ft of warehouse space being taken on new leases so far in 2019.”
“With Brexit dominating thoughts at the moment, it is pleasing to see that occupiers are still expecting to take more space into 2020 and beyond.”
Click here for the full article in Property Week.