If you want to know the facts keep reading…
If you are fortunate to have access to Warehouse space but not sure how to use its full potential contact us at [email protected] with the subject heading ‘SHEDS’ or call us on 01279 291 538.
With our partners in logistics, we can broker the usage of your warehouse space for medium to long contracted periods of time.
Now, back to the facts…
It wasn’t that long ago that warehouses were unloved by investors, who continued to pour money into retail and office space.
But things look very different now. Our High Streets and town centres are grappling with too much retail space and the logistics sector can’t build warehouses quickly enough.
New research from Savills, commissioned by the UK Warehousing Association, shows the dramatic increase in warehouse space in the last six years.
In 2015, there was 428 million square feet of large warehouse space in the UK. That’s now risen by 32% – adding the equivalent of an extra 2,396 football pitches.
The occupancy mix has also changed. In 2015, High Street retailers were the dominant occupiers, but now they’ve been overtaken by third party logistics providers, like DHL and Yodel, who fulfil and deliver most of our online shopping.
The biggest take-up in space, as the chart below shows, has come from the so called pureplay online retailers, firms which don’t have physical stores and only sell online, such as Boohoo. These online retailers have increased their warehouse footprint by 614% in just six years.
Savills tracks how much warehouse space companies require and says that demand is continuing to soar, by 232% in the first quarter of this year compared with the same period in 2020.
Growth is predominately driven by increased demand in manufacturing and automotive. For example, new battery plants for electric vehicles. The general belief is because of this demand companies will want to store more goods in the UK.
If you would like to work with us at Stars Accounting Ltd to turn these opportunities into reality, contact us now.
[email protected] with the subject heading ‘SHEDS’ or call us on 01279 291 538.
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