Take up for industrial and logistics premises increases across East Midlands
Take up for industrial and logistics space across the East Midlands increased markedly in the first half of 2020, with 7% more activity recorded than the same period in 2019, according to the latest market statistics.
The region was ranked third nationally for the period, behind Yorkshire and the South East, with over 4.25 million sq. ft transacted in the East Midlands in just six months, according to data compiled by EGI Radius Data Exchange, which canvasses deal information from the regions key agents.
Commercial Property Partners (CPP) Director Stuart Waite commented: “The sector has proven to be resilient during the pandemic with growth in e-commerce the driving force behind strong levels of take up in the sector.”
“The outlook remains positive moving forward and on the back of this, we are continuing to see strong developer interest in well positioned sites across the region, which is ultimately still starved of good quality warehouse and industrial units across all size ranges.”
The strong performance of the East Midlands region was underpinned with numerous notable deals including Amazon, Games Workshops, Bleckmann and Aldi.
CPP Director Sean Bremner commented: “There continues to be great demand for high quality, modern space, and therefore the take-up has been strong.”
“Increasingly, occupier demand is driven by the growth in online retail. The majority of current leasing and demand activity is created by businesses who are either directly involved in online retail or linked to it such as parcel delivery operators or manufacturers who now sell their product online.”
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