Spec space: a return to the bad old days?

Industrial Workers

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.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue