Slow economy drags on property demand


 

Total industrial and logistics floorspace take-up fell 22% last year due to weak economic conditions and a shortage of good quality stock, according to property consultancy Jones Lang LaSalle’s latest UK Industrial Property Trends Today report. Subdued economic activity in 2012 “acted as a drag on property demand”, said the report, with total industrial and logistics take-up in units of over 1,000ft2 totalling 75.3m ft2 (2011: 96.3m ft2). The fall in take-up was greatest for units under 100,000ft2, where it […]