Non-food retailers are continuing to take new warehouse space as they revamp their supply chains, according to figures from King Sturge.
Since 2003 the non-food retail sector has taken more floor space year-on-year and at the end of Q3 2007, it had already nearly matched the figure for the whole of 2006.
In the first nine months of 2007, the highest level of take-up of new logistics facilities was in the non-food and food retail sectors, which together accounted for 60.6 per cent of the market total. Out of this, the non-food retail sector took 43.5 per cent and the food retail sector took 17.1 per cent.
The average size of units over 100,000 sq ft taken-up in new logistics facilities in the first nine months of 2007 was 328,972 sq ft, slightly down from the record 2006 figure of 351,172 sq ft, but still well above the ten-year average of 258,509 sq ft according to King Sturge.