Take up of logistics space in the West Midlands is at almost twice the five-year average but uncertainty created by Brexit, Covid and a global shipping crisis are increasingly forcing occupiers to ask for short term leases thus presenting difficult decisions for landlords, according to Darby Keye director Chris Keye.
Darby Keye is a niche industrial specialist which has nevertheless risen to second in the Radius On Demand Industrial Rankings for the West Midlands region after transacting 605,174 sq ft of space so far this year. Only JLL has disposed of more space in the West Midlands, where geography makes it a competitive marketplace for the logistics sector.
Keye says pent up demand, exacerbated by a shortage of available space, means that landlords are frequently able to hang out for long term leases, but some units are being taken for as little as three months as occupiers look for short term solutions to ride out the current supply chain chaos. He believes the industry needs to work more closely with occupiers to deliver space best suited for their future needs.
EG’s Office Politics: Return of the Gove-rnment
EG Like Sunday Morning: The (third) morning after the night before
EG Like Sunday Morning: Will real estate benefit from the ”dullness dividend”?
Bricks & Mortar: Madison Berkeley’s Nina Zeilerbauer and Christine Scott discuss real estate recruitment
EG Like Sunday Morning: Stepping into the unknown... again
In on the Act: Guy Fetherstonhaugh KC reflects on how the rent arrears arbitration scheme has worked in practice
EG Like Sunday Morning: The trans-Atlantic edition
TECHTALK: A propco, VC and tech solution meet at a downtown pier
TECHTALK: Why diversity matters most in bumpy times
Bricks & Mortar: Tallulah Bannerman on winning the 2022 Women in Property National Student Award
Scrapping the mayor: How will Bristol fare under new leadership?
TECHTALK: Fifth Wall’s Brendan Wallace on the evolution of proptech
EG Like Sunday Morning: True-stepping all the way to Greggs
Labs and London: Creating the space to meet life sciences demand
Veganism for buildings: Is retrofit or redevelopment the answer?
After Dark: How enabling London’s night-time economy is vital for the capital’s future
Property over politics: How the UK’s real estate sector is key to delivering a levelled-up UK
EG Like Sunday Morning: How flarked are we?
Fundamentals of the Future: Bridging property’s ESG skills gap
EG’s Office Politics: A New Regeneration
Create your
podcast in
minutes
It is Free
Get Creative with Pace Morby
The Everyday Millionaire
Pure Hustle Podcast
The Ramsey Show
The Diary Of A CEO with Steven Bartlett