Lutterworth-based Chartered Surveyors and Property Consultants, Wells McFarlane report strong activity in the Midlands industrial sector as the firm brings another new property to the market.
A 57,896 sq ft warehouse and office space is now available at the Glebe Farm Industrial Estate in Rugby. This modern facility, which is easily accessible from Rugby town centre and the M6, includes three linked warehouse units and two storey integral offices. It also boasts 6.2m eaves height, five roller shutter doors, a secure gated yard and excellent car parking.
“It’s well documented that the industrial/logistics sector has been one of the big beneficiaries of the pandemic, particularly for businesses specialising in light manufacturing, home improvements, technology and online retail,” explains Wells McFarlane’s Director, Andrew McFarlane Holt. “What’s happening now is demand is beginning to outstrip supply as new industries such as TV and film production, streaming services and even modular home developers look to secure good quality, high volume space.
“This is good news not just for units like this at Glebe Farm, which is immediately ready for occupancy and therefore unlikely to be available for long, but more broadly, for landowners and developers. The knock-on effect points towards a wider resurgence of speculative development; something we’re already experiencing in the Midlands. We’re working on several sites in strategic locations similar to Rugby and have seen a significant uptake in off-plan units of all sizes. Occupiers and investors have confirmed the Midlands market as a solid target, which all indicates a positive future for the sector,” concluded Andrew.