The Brexit saga has focused attention on the shortage of warehousing in the UK. But is this simply an exceptional situation, or has Brexit revealed more systemic problems in UK warehousing provision? In late October 2019, Bis Henderson Space brought together a round table panel of eleven warehouse industry experts to discuss the topic in detail, here we reveal some intriguing insights from the specially convened discussion...
With insights from global property agent Savills, retailers such as Harvey's Furniture, Staples and Samsung, 3PLs Kuehne + Nagel and XPO, plus attendance from the RHA along with our own in-house experts - we explore the problems of meeting 21st Century needs in a country which Savills have themselves characterised as ‘under-warehoused’...
Key findings from the event...
- Answered: How businesses are managing short-term space needs
- Revealed: Vacancy rates stand at 6.5% – down from 25% in 2009
- Learn: About the influence of the falling value of Sterling on warehousing
- Realise: Every £1 billion of online spend requires 770,000 sq. ft. more space
- Find out: To what degree does the agent work for the landlord?
- Uncovered: What businesses really, really want from warehouses
