For almost a decade now, the UK logistics sector has been undergoing a fundamental, structural change which has only been amplified by the current pandemic situation.
Covid-19 has tested supply chains to the limit, coming under considerable pressure to to feed the nation and provide essential services to cope with the pandemic. Examples include establishing temporary hospitals, sourcing and distributing PPE and keeping food shelves stocked. Consumers have also relied on all other non-essential purchases being satisfied via online platforms, with online retail now accounting for over 30% of all retail sales. Combined with investors’ global hunt for yield, long income and the continued rise of online shopping, these factors have all made logistics one of the most sought-after sectors in the UK today.
The results of Property Week, Tritax Symmetry and Savills fourth annual market census last year revealed that sentiment among the industrial and logistics sector was still strong, but with ever rising land values and companies taking warehouses to stockpile goods ahead of Brexit, does that remain the case in 2021?
To explore that question and measure the state of the sector, Property Week has once again teamed up with Tritax Symmetry, Savills and Analytiqa for our fifth “census” of the logistics and industrial sector in the UK.
Your opinion counts! Whatever your role in the sector; occupier, agent, landlord, advisor or developer, the following short five minutes survey will allow your opinion to be heard so the industry can move forward to address the unique challenges we face.
The results will be written up in a future edition of Property Week and, as with last year, we are having a competition to see who can predict the annual take-up, as measured by Savills, with the winner receiving a £500 Amazon voucher.
To enter simply complete the short survey below before 29 October.
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