The shopping revolution we call ecommerce has led to an ever increasing demand for space to fit the huge amount of products bought online every day and the demand is only set to get bigger in the years to come. This presents a problem for warehouse builders and the people who fit them. How is can they keep up?
The answer to this is that they are currently struggling to keep up according to a new white paper which highlights that developers are currently unable to build properties quick enough to satisfy demand.
The white paper was put together by Colliers International as well as a logistics companies, architects and project consultants to examine how the commercial property sector is coping with demand for warehouses to store goods for ecommerce stores.
According to the white paper, Internet sales are expected to grow by a 15% every year and this will be the case for the foreseeable future.
Unfortunately Large-scale Grade A warehouses that measure in excess of 100,000sq ft are in short supply and even when planning permission is gained to build them, it takes a year to 18 months to build them. The current supply of warehouses of this size available in the UK means that there is less than 10 months before capacity is reached according to Colliers.