Yorkshire’s logistics dominance rises

Yorkshire is projected to represent well over a quarter of the entire country’s logistics take-up this year, the CBRE has claimed.
Investor interest in Leeds remains healthy. Picture: Adobe StockInvestor interest in Leeds remains healthy. Picture: Adobe Stock
Investor interest in Leeds remains healthy. Picture: Adobe Stock

Figures show that the sector broke another quarterly record with over 13m sq ft transacted in the fourth quarter in the UK and Yorkshire is set to represent around 30 per cent of all the UK logistics take-up this year, as the region remains so attractive to occupiers.

It said the year ahead will see business continue to focus on building more resilient supply chains, increasing safety stocks and diversifying suppliers to prevent future disruptions.

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“This restructure will increase the demand for additional warehousing space in the UK,” it said.

The CBRE also said that the Yorkshire office take-up figures have increased with many of the half a million sq ft enquiries still active.

The £41m acquisition of Clarendon Quarter by Aberdeen Standard Investments represents a significant deal in 2020 for the Yorkshire region and investor interest in Leeds in particular remains healthy.

Channel 4’s move to the Majestic and the promotion of Leeds United were particularly cited for putting a spotlight on the city

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“Research shows that whilst working from home is a trend that will continue, it will form part of a hybrid strategy which also incorporates office working and we expect to see increasing demand from nearshoring from the public sector and industries including big tech, fin tech and life sciences,” it said.

In conclusion, it added: “After a challenging year with much uncertainty, there are green shoots emerging and 2021 is looking promising for UK real estate.

“We proceed with a positive outlook for the months ahead while actively encouraging our partners to make the most of the new opportunities this year presents.” Support The Yorkshire Post and become a subscriber today.

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