Turning spare space into revenue on the 'alternative market'
It’s an acknowledged truth that the United Kingdom is ‘under-warehoused’. And the supply pipeline of new units is significantly constricted. According to the latest figures from estate agents, Savills, in the 100,000 sq. ft plus range (which is not very large by today’s standards) there is just 6.9 million sq. ft currently under construction – barely half of last year’s figure. A market with less than two years of supply on offer is considered undersupplied, yet currently the ‘void time’ for space, the time a unit stands empty before being let or re-let, is two months into neg...
Source: shdlogistics.com