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. […]
Demand for warehousing and distribution space increased by 10% during the first quarter of the year, but was 20% below the five-year average due to the COVID-19 pandemic.
Hermes has launched a new service allowing consumers to inform retailers which items they are returning in advance, helping to make the process more efficient.
Lack of warehouse building activity in Scotland has seen rents for 10-50,000ft² warehouses in Scotland grow three times faster year-on-year than the UK average.