The growth of e-tailing is driving speculative warehouse development, a property consultancy is claiming.
DTZ says property take-up from parcel services across the UK increased 580% between 2011 and 2013.
Michael Green, research analyst at DTZ, says: “There has been a lot of talk recently of the ‘death of the high street’, but e-tailing services like click-and-collect are driving traffic back to stores.
"The ongoing growth of online spending, such as click-and-collect, is leading retailers to rethink their logistics networks and has driven greater demand for storage and distribution hubs.
“After an extended period of essentially no speculative industrial development across the country, new schemes totalling 3m sq ft have already been completed across the UK, with a further 3.5m sq ft underway.”