savils

UK faces warehouse shortage

The UK is facing a chronic shortage of warehousing due to years of under-development combined with growing demand, especially from e-commerce operators. This will likely lead to considerably higher rents, director of Logistics Research at Savills, Kevin Mofid, told a seminar at the Multimodal event in Birmingham in May. “There’s very little warehousing on the market, and what there is, is going to see its rent increasing”, he warned. He said that ... [+]