Following record growth in the industrial and logistics sector in 2021, JLL has reported an increase of 19% in prime logistics rents in the first half of 2022. Despite the economic challenges ahead, industry commentators are in broad agreement that the sector will continue to grow over the next year.
Supply chain resilience is increasingly important and changing demands in the face of intense competition for space is driving the continued evolution in the urban logistics market. Rising occupancy costs are leading to changing occupier strategies in terms of location and specification of facilities.
SRP has carried out over 70 feasibility exercises for sites nationwide since October 2020, prior to full design and delivery. Effective Built to Suit solutions require an understanding of clients’ operations to produce a rationale and model design layout that optimises the yard, warehouse stock flow and colleague / business space. Detailed feasibilities reduce risk and a rapid response enables clients to secure sought after sites with the confidence that it will work to their business model.
Built in flexibility is fundamental to allow for evolving use, even more so for speculative developments to appeal to a broad range of prospective tenants. Catering for growing EV delivery fleets; and using new low to zero carbon technologies to provide power and comfort heating / cooling for example, help clients cut operating costs while future proofing these developments.
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