Only seven per cent of warehousing from 1,000 – 99,000 sq ft is in new or refurbished buildings according to the latest research by JLL into industrial and logistics warehousing in the UK.
Commenting on the research, Andy Harding, lead director of Industrial & Logistics at JLL, said: “With the growth in e-commerce and last mile fulfilment, we expect increasing demand for modern industrial and logistics facilities in and around urban areas to fulfil these deliveries.”
Luckily speculative development under construction as of February 2016 stands at 11.5 million sq ft.
