According to Savills, a global real estate services provider, warehouse space in London is expected to see the highest rent growth amount if a no-deal Brexit occurs. Rent is expected to rise 1.1% by next year due to London Industrials having a vacancy rate of only 2.4%.
Kevin Mofid, Head of Industrial Research at Savills, has said that even if there isn’t a no-deal Brexit, industrial rent will continue to grow. This comes as a concern given the rise in online retailing which is constantly requiring more warehousing space.
London is set to need a 419% increase in warehousing space per year, with an almost two billion sq. ft increase of warehouse space needed across the UK in order to meet the demand of additional deliveries generated by online retail.
With rent and energy costs on the rise, Ecusol can help dramatically lower warehouse operating costs per meter sq. with our range of energy efficient products and full market access to low and zero carbon commercial energy suppliers. Some of our previous clients with warehousing spaces have reduced their energy costs by 1/3 either by installing our high efficiency renewable energy products or switching to Ecusol’s green energy providers.
Contact us for a free consultation of your space on 0191 228 6596.