Shed shortage gets worse in Midlands

LinkedIn +

According to BNP Paribas latest research on industrial and logistics properties there is only one’s years’ worth of warehouse space available in the Midlands.

Kevin Mofid of BNP Paribas said: “Currently, the Midlands only have one year’s worth of new supply available. As take-up increases, particularly from the automotive supply chain, there will be even fewer quality logistics properties available in the market.

“The occupational figures suggest that it may be the right time for new, larger-sized, speculative developments, due to the lack of current supply. However, from an economical point of view, those who acquired land at post-crash prices may find it hard to make speculative developments feasible.”

Share this story: