By Richard Williams2018-10-02T09:45:00
There is 9.1m sq ft of speculative development under way. But some question whether there is sufficient demand to absorb that supply.
Despite insatiable demand from online retailers, most of the big developers were merely dipping their toes in the water. The little spec that was built was mainly in the smaller size bracket of around 150,000 sq ft.
That has all changed this year. As demand for industrial and logistics space, especially from online retailers, continues to soar, developers have piled back into the spec market with gusto. A total of 9.1m sq ft is currently being constructed speculatively across the country, the highest since – you guessed it – 2007.
You must be logged in to continue
Register for free to finish this article
Registration includes the following benefits:
To access this article REGISTER NOW
Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.