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Logistics Take-up Slips to Pre-Pandemic Levels

Cushman Reports Evolving Take-up as Online Retail Demand Falls but Manufacturing ‘Reasserts’ Position
Manufacturing is 'reasserting' its position in the take-up charts. (TJ Kirkpatrick/Bloomberg via Getty Images)
Manufacturing is 'reasserting' its position in the take-up charts. (TJ Kirkpatrick/Bloomberg via Getty Images)
CoStar News
April 12, 2023 | 8:31 AM

Logistics and industrial occupiers leased and acquired 8.6 million square feet in the UK during the first quarter of 2023, the lowest quarterly volume since the first quarter of 2020 but above the 10-year pre-pandemic average of 8.3 million square feet from 2010 to 2019.

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