Warehouse construction starts across the UK last year dropped below 30 million square feet, the lowest annual total in a decade. The figure was down a third year-over-year and nearly 60% below the peak levels of 2021 and 2022. Completions also fell sharply.
Warehouse construction slowdown sets stage for tighter market
UK may have less than a year’s worth of modern warehouse supply by the end of this year
CoStar Analytics
January 6, 2025 | 9:53 AM
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