Growth in online retail sales driving spiralling demand for warehousing


 

Online retail sales exceeded £20bn last November and December for the first time, bolstering demand for warehousing space to cope with quick turnaround deliveries, according to real estate specialist Colliers International. It said that in the year to the end of September 2019, 55% of overall industrial lettings for warehouses over 100,000sq ft were for bespoke design and build hubs, to cater for the growth in fast shipping, boosted by online shopping. Colliers said provisional activity in the fourth quarter […]