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.
What will the Autumn Budget deliver for real estate?
EG Like Sunday Morning: Letting voices be heard on D&I
Bricks & Mortar: Hollis’s Katherine Beisler on the benefits of its new junior board
Rollercoaster rides and roadmaps: Real estate’s ESG journey
EG Like Sunday Morning: Back in the studio!
How to move from embracing to celebrating difference
On the Case: The blockbuster Covid rent arrears decision in Trocadero
Future of Real Estate: Can Birmingham win gold?
The role of the office in post-pandemic London
The power of difference
As Government fails to put words into action around affordable housing for London‘s keyworkers, can real estate step up and plug the gap?
How do investors see post-pandemic London?
Unlocking the power of the web of life sciences
EG Like Sunday Morning: Wellbeing in real estate
‘We can’t stop the conversation’: Wellbeing and real estate after Covid
Voice of the Region: Wiltshire – Retail reawakens
Why social value is critical to the evolution of UK life sciences
“Don’t accept the residential market as it is. Ask for better and demand flexibility.” Inside JLL and Lavanda‘s rival to Airbnb
EG Like Sunday Morning: Hair-raising talk on CVAs, EVs, business rates and Vikings
Create your
podcast in
minutes
It is Free
Making Bank
Bank of America Treasury Insights
How I Crushed It
The Ramsey Show
Planet Money