Brexit amplifying urban logistics warehousing shortage

Freight in the City warehousing crunch
 

Brexit has amplified the shortage of warehousing space in the UK, delegates were told at the Freight in the City Expo. Kevin Mofid, director of research at Savills, described property as “the forgotten part of the supply chain”. “Brexit is amplifying these trends,” said Mofid. “At a national level the vacancy rate for warehousing is 6%, in London that falls to 3%. Amazon took 27% of all available warehousing space in 2016. “You’ve got all this structural change in the retail […]