Warehousing glut looms, senior industry figure warns


 

An oversupply of PPE stockpiled during the Covid-19 pandemic, combined with a shrinking economy, the decline of the Covid-fueled online shopping boom and a major expansion in storage space are creating a glut of new warehouses which will struggle to find occupiers, a senior figure at one of the UK’s biggest logistics operations warned this week.

According to recent research by Knight Frank, nearly 37m sq ft of warehouse space was slated for construction last year, up from 23m sq […]


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