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 Like Sunday Morning: Lego, and other major themes for 2022
EG Like Christmas Morning
Work in progress: Embedding climate resilience in real estate strategies
The top 10 cases of 2021
EG Like Sunday Morning: Present problems and Future Leaders
Voice of the Region Capital Edition – West London: Office 365
EG Future Leaders: A night of hope, pride and maybe the odd little tear
Voice of the Region: Hampshire – Marine propulsion
EG Like Sunday Morning: Life sciences, the North and more of the week‘s news
Behind the rides: What being part of the Club Peloton family really means
”We can say when we’re not OK”: Managing wellbeing as a company leader
Sustainable disruption: delving into the detail of a new report on 12 decarbonising technologies for cities
EG Like Sunday Morning: The talent show
On the Case: The return of Fearn - the Tate Modern, privacy and the Supreme Court
Bricks & Mortar: RICS’s new Rules of Conduct explained
Following the ”spectacular” demise of Softbank-backed tech giant Katerra, meet the four former employees who have regrouped to lead the roll out of London-based Modulous in the US
EG Like Sunday Morning: Bluewater, Bradley Baker and buzzers
The great workplace battle is on. How connectivity will be landlords‘ biggest magnet for tenants as hybrid working takes hold
The tech firm planning to unlock over £10bn tied up within real estate by ripping up the rule book on commercial deposits
Voice of the Region: Cambridgeshire – University challenges
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
NABOR® TALKS
U.S Property Podcast
Aligned Money Show
The Ramsey Show
Planet Money