According to Savills’ Big Shed Briefing 2021: West Midlands, the take-up of industrial and logistics space in 2020 hit an all-time high following two years of under-performance.
We’ve taken a look and the article highlights for the West Midlands are:
- Supply of warehouse space in 2020 decreased by 9% compared to 2019 standing at 6.54m sq. ft over 36 units.
- Take-up reached 6.61m sq. ft, 65% up on the previous year.
- There is currently 808,924 sq. ft. of logistics space under construction across the West Midlands.
- Demand for larger units within the 300,000 sq. ft plus band is on the rise.
- 36% of available stock is considered Grade A quality.
- Online retailers accounted for 29% of take-up.
Visit the link to get all of the statistics – Savills.
At Calztec, we are already helping commercial and industrial property developers deliver high-quality storage and distribution space. Our top three projects include:
Crossfire 14, Kettering
We worked closely with CBRE Birmingham & MAERSK to provide a full in-house design and refurbishment package to suit the incoming tenant’s specific design requirements. Following the design sign off, we are now underway with the fit out process for a new 101,134 sq. ft logistics centre.
Ravensbank Business Park, Redditch
We were appointed as principal contractor to carry out design and refurbishment works. Our client wanted to refurbish the building to provide a high-quality business unit for a new client totalling 60,000 sq. ft.
Bescot Point, Walsall
Our client wished to refurbish two vacant industrial units to a high standard to prepare for new clients to move in. The works included the refurbishment of offices, WC’s, warehouse and car parks as well as external cladding and entrance repairs.
To learn how we can help you on your next commercial or industrial fit out and refurbishment project, please call the team on 0330 113 4500 or email: info@calztec.co.uk