UK Market Fundamentals Remain Strong for ‘Big Box’ Logistics31/05/2022
My previous ‘Credible Thinking’ piece, written from my living room in the depths of lockdown #1, highlighted the incredible performance in the ‘Big Box’ (300,000 sq ft+) market since start of the pandemic. It’s safe to say, this trend has not abated in the 21 months since.
In 2021, take up in the ‘Big Box’ market equated to 29.4m sq ft, which is the equivalent of 59% of total figures for the year (100,000 sq ft +). Occupiers’ flight to ‘bigger is better’ has become very apparent as they are looking to improve their supply chains. As a result of this, there are currently only three available new build units that are immediately available to occupy over 300,000 sq ft (excluding those under offer and/or under construction).