Surveys & research

Story

Soaring demand for industrial and logistics real estate squeezes supply to record low

Soaring demand for industrial and logistics real estate squeezes supply to record low

Research from Gerald Eve has revealed that occupier take-up of industrial and logistics real estate has soared to another record high of 23.7 million sq ft in Q3, boosted by rising demand from online retailers, logistics operators and low-carbon industries. This beats the previous record of 22.9 million sq ft agreed in Q2 2021 and already marks out 2021 as the most active year on record.

RESEARCH

Ecommerce growth could create 12 million sq ft of last mile logistics space requirements by 2025

Ecommerce growth could create 12 million sq ft of last mile logistics space requirements by 2025

Ecommerce sales are forecast to rise from 27 per cent to 30 per cent by 2025, resulting in an additional GBP37 billion worth of online retail sales. With every billion pounds of online retail sales requiring around 320,000 sq ft of urban logistics space, this could drive 12 million sq ft of additional last-mile fulfilment space requirements over the five years.