US warehouse lease rates climb even as demand for space slows
Warehousing landlords are poised to make more money this year without adding to their footprint, ...
“I’ve been working in logistics for 30 years and I’ve never seen demand like this,” says Robin Woodbridge.
The company he works for, Prologis, owns and manages warehouse logistics parks across the UK.
They’re building as fast as they can, but it’s been a struggle to keep pace with the boom in online shopping in recent years.
And the pandemic has only served to accelerate the trend, making warehousing hot property.
Prologis’s biggest park, known as Dirft, is just off the M1 near Northampton. You can see the big sheds towering over the fields from the motorway. It’s a vast site with three rail freight terminals.
When you click to buy online, there’s a good chance the product will start its journey here, whether that’s baked beans, laptops, furniture or fashion.
Despite its size, it’s not big enough…
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Now read this: “Wall Street Breakfast: Rattling Supply Chains” (free reg. is required).