The Midlands industrial and logistics market is on track for a record-breaking year, with take-up reaching 11.14m sq ft in H1 2021, a 75% increase compared to the same period last year, according to latest research by global property consultancy Knight Frank.
The B8 Storage & Distribution sectors have remained the most active, with 93% of transactions. Direct occupier distribution took the highest proportion of take-up (36%), closely followed by pure e-commerce (30%), and 3PL sector (27%).
Knight Frank has recorded over 40m sq ft requirements in the first half of 2021, almost equalling those recorded in the whole of 2020. Requirements in the mid box market (50,000 – 99,999 sq ft) have seen a resurgence, as regional businesses show
link source - Commercial News Media