Demand for industrial and logistics space continues to rocke

Demand for industrial and logistics space continues to rocket


By Adam Branson2021-04-30T00:00:00+01:00
Even when you know something to be true, a statistic proving it still has the power to shock. Such is the case when it comes to the huge increase in demand for industrial and logistics space as a result of the Covid pandemic.
Research from Savills, shared exclusively with
Property Week, shows demand in the Midlands in January this year was 223% higher than in January 2020. Across the country, requirements logged in 2020 hit 174m sq ft, 40% of which was for between 100,000 sq ft and 300,000 sq ft and 37% for more than 500,000 sq ft.
But as we start to emerge from lockdown, how likely is it that such high levels of demand will be maintained? And has the market come anywhere near meeting occupier requirements?

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