Warehousing space must increase fivefold to keep up with e-commerce


 

The amount of warehousing space being built must rise fivefold if the UK is to keep pace with the e-commerce market, according to research by law firm Addleshaw Goddard. As online retailers compete on speed of delivery to win custom, the demand for industrial property is outstripping supply, with a premium being paid by the largest retailers for well-located sites with advanced fit-outs. The research included 12 policy recommendations that it said are required to meet demand for swift deliveries. […]