Demand for UK logistics and distribution space reached record levels in Q3 2020 as retailers and 3PLs expanded their supply chains in response to the ongoing pandemic, according to Cushman & Wakefield.
The firm’s research revealed the third quarter of the year was the busiest on record with 16 million sq ft of space transacted, nearly double the ten-year average for Q3 of 8 million sq ft.
The figures indicate a further acceleration in demand for logistics and distribution space to keep pace with the boom in e-commerce. In total, e-commerce has accounted for 40% of take-up so far this year – an all-time high – with related sectors including meal kit operators, parcel delivery
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