By Mia Hunt, Emanuela Barbiroglio2018-05-16T09:03:00
As some retailers fail and others centralise their distribution operations, much-needed stock is being released to the market.
In the past few months, Toys R Us, Maplin and East have gone under and many others have entered administration or sought CVAs with landlords. Much has been written about the impact of this upheaval on retail property, specifically store closures, but what has been the effect on logistics?
According to Cushman & Wakefield, in Q1 2018 alone, warehouse space let by retailers totalled 11,733,369 sq ft – 4,155,321 sq ft of which was occupied by pure e-tailers and 7,578,048 sq ft by other (multi-channel and bricks-and-mortar) retailers.
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