The supply of available logistics space is 59 per cent lower than at the supply peak in 2009, according to property agent CBRE.
Availability has fallen 21 per cent since the end of 2012 to be just 20.6 million sq ft. Even the one remaining region with a surplus of supply, Yorkshire & the North East, is now starting to see supply levels meaningfully fall.
A total of 10.1 million sq ft was taken up during the second half of 2013, bringing the total for the year to 19.1 million sq ft.
Design and build transactions have been a dominant sub group within the sector accounting for 75 per cent of all take-up on new buildings. For the largest warehouses of over 500,000 sq ft, D&B has almost exclusively been the route by which new space has been acquired.
