A combination of factors such as Brexit, the coronavirus (COVID-19) crisis, as well as global surge in demand has led to delays in warehouse completions in the United Kingdom (UK). With demand at an all time high, there is more pressure than ever on the supply side of the sector. Nevertheless, the total projected supply of warehouse space is forecast to continue falling in the second half of 2021 and 2022. This is mostly due to the decrease of new warehouse completions that are expected to fall from 6.8 million square feet in the second quarter of 2021 to 0.2 million square feet in the fourth quarter of 2022.
Projected supply of new and second hand warehouses based on speculative delays in the United Kingdom (UK) from 1st quarter 2015 to 2nd quarter 2021 with forecast until 4th quarter 2022
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Savills. (June 7, 2021). Projected supply of new and second hand warehouses based on speculative delays in the United Kingdom (UK) from 1st quarter 2015 to 2nd quarter 2021 with forecast until 4th quarter 2022 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1266952/supply-of-new-and-second-hand-warehousing-uk-forecast/
Savills. "Projected supply of new and second hand warehouses based on speculative delays in the United Kingdom (UK) from 1st quarter 2015 to 2nd quarter 2021 with forecast until 4th quarter 2022." Chart. June 7, 2021. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1266952/supply-of-new-and-second-hand-warehousing-uk-forecast/
Savills. (2021). Projected supply of new and second hand warehouses based on speculative delays in the United Kingdom (UK) from 1st quarter 2015 to 2nd quarter 2021 with forecast until 4th quarter 2022. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1266952/supply-of-new-and-second-hand-warehousing-uk-forecast/
Savills. "Projected Supply of New and Second Hand Warehouses Based on Speculative Delays in The United Kingdom (Uk) from 1st Quarter 2015 to 2nd Quarter 2021 with Forecast until 4th Quarter 2022." Statista, Statista Inc., 7 Jun 2021, https://www.statista.com/statistics/1266952/supply-of-new-and-second-hand-warehousing-uk-forecast/
Savills, Projected supply of new and second hand warehouses based on speculative delays in the United Kingdom (UK) from 1st quarter 2015 to 2nd quarter 2021 with forecast until 4th quarter 2022 Statista, https://www.statista.com/statistics/1266952/supply-of-new-and-second-hand-warehousing-uk-forecast/ (last visited November 21, 2024)
Projected supply of new and second hand warehouses based on speculative delays in the United Kingdom (UK) from 1st quarter 2015 to 2nd quarter 2021 with forecast until 4th quarter 2022 [Graph], Savills, June 7, 2021. [Online]. Available: https://www.statista.com/statistics/1266952/supply-of-new-and-second-hand-warehousing-uk-forecast/
