Industrial & Logistics Insider Q2 2020
Our Industrial & Logistics Insider report provides expert comment on the latest occupier and investment trends, along with quarterly data and analysis.
The Industrial & Logistics sector is playing a pivotal role during the pandemic, whether it be meeting the needs of consumers, ensuring the movement of essential goods, or adapting production lines to boost the availability of PPE and other frontline supplies.
The current crisis has also expedited the move online. Online channels accounted for 33% of retail sales in May, compared to 20% at the start of the year. If it wasn’t clear already, the lockdown has hit home to retailers that they need to have a strong online presence, which in turn is boosting demand for warehouses, fulfilment centres and last-mile facilities.
This is reflected in our quarterly take-up figures, which were the highest on record in Q2, at 13.1m sq ft. Total take-up for the first half of 2020 came in at 20.5m sq ft, up 47% on the same period in 2019.