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.
LREF 2023: Hospitality in Westminster
LREF 2023: Exploring the co-living trend
Viewing flex space as an amenity
EG Like Sunday Morning: Future Leaders... and the future of RICS leadership
First port of call: ABP’s Greg Lacey on bold plans for CRE
Bricks & Mortar: The joy of a career in sustainability
EG Like Sunday Morning: Sustainability, life sciences and the office ”greenium”
EG Like Monday Morning: Tackling retention of women in real estate with the Empower Equity campaign
EG’s Office Politics meets Andy Street
Bricks & Mortar: The Land Collective’s Sarah Hayford discusses the launch of its Black Girls in Property programme
EG Like Sunday Morning: Let’s talk about IPSX (plus WeWork and Birmingham)
In on the Act: The role of the Law Commission in legislative change
EG Like Sunday Morning: Starting out in real estate
Crown Estate CEO, Dan Labbad, on his career in real estate and effecting positive change
Unlocking value in data: It’s what you do with it that counts
Bricks & Mortar: DWS’s head of UK, Jessica Hardman, discusses her journey in real estate
Bricks & Mortar: Love Surveying’s Marion Ellis on neurodiversity
EG’s Office Politics meets Lord Deben - aka John Gummer
Bricks & Mortar: ULI Hines student competition – the benefits of diverse teams and collaboration
Voice of the Region: Shropshire – Locked stock and one smoking flaxmill
Create your
podcast in
minutes
It is Free
Pharmacy Podcast Network
Aktörspodden
The Power of Storytelling
The Ramsey Show
Planet Money