According to a report by consultancy Lambert Smith Hampton, the UK’s warehouse property stock will have been completely depleted by the end of this decade unless further construction is undertaken.
The demand from internet retailers is to blame, says the report, which found that warehousing space reached record lows in 2015.
The country’s available stock will be exceeded by 7.6 million square metres by 2020, even if current levels of development continue.
LSH’s report and its findings were fully endorsed by the UK Warehousing Association, which represents 700 logistics companies and suppliers. They warned that failing to address this issue now will negatively impact the UK economy in future.
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