By 2025 over a quarter of all retail transactions are going to have occurred online according to data obtained by Savills. Given that, in the first quarter of 2021 warehouse space transacted was more than 40% ahead of the long term average, the likely impact of the additional move online is not hard to envisage.
And, as head of Savills’s head of logistics and industrial research Kevin Mofid pointed out to Real Asset Media’s Richard Betts, investor demand for the sector is unlikely to be far behind.
Savills, together with Tritax EuroBox and Analytiqa, is making a detailed study of the sector and is undertaking a logistics census to determine both occupier and investor intentions and the census results will provide a detailed picture of the logistics market to come.
“We want to hear from occupiers, investors, developers, anyone with an interest in warehouse property,” said Mofid. “Come September, the results will help us paint an accurate picture of some of the pinch points and issues affecting the sector.”
Click on the video above to watch the full interview or listen to the podcast below.