Property professionals from across the West Midlands met in Birmingham for the launch of Lambert Smith Hampton’s (LSH) Industrial and Logistics Market report.
They heard how the UK’s industrial and logistics sector is enjoying unprecedented levels of demand. In 2014, take-up reached record levels, investment activity saw an all time high and speculative development returned in a meaningful way.
The report revealed that take-up rose eight per cent to a record 103.3m sq ft in 2014, of which 19m sq ft was in the West Midlands.
Total availability reduced by 38 per cent from its 2011 peak to stand at 31.8m sq ft at the end of 2014. However, at 13.8 per cent, the West Midlands continues to exhibit one of the highest availability rates of all UK regions.