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Data Bite - Take Up By Type Of Unit July 2021

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By Walter Boettcher and Oliver Kolodseike

16 07 21 Data Bites Take Up by Type of Unit July 2021 1

What:

This weeks’ Data Bite looks at industrial take up by type of unit (design and build, second hand and speculatively developed) for warehouses equal or greater than 100,000 sq ft. Occupiers continue to seek better quality space to reach greater efficiencies which is, in some instances, driven by ESG requirements.

Why:

Industrial take up of assets over 100,000 sq ft has hit a new record in Q2. Activity is up by 39% up year on year during the quarter, with take up totalling 16.1 million sq ft. Occupiers have been expanding and in some instances consolidating their operations in more efficient warehouses. Similarly to what’s been witnessed over the past 18 months, the first half of the year was marked by a flight to prime with only 25% of take up being of second hand stock as opposed to 41% for design and build space and 34% being speculative development. The share of spec development stood at just 13% in 2015.

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Data Bite - Take Up By Type Of Unit July 2021

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Related Experts
Walter Boettcher | Colliers | London - West End

Walter Boettcher

Head of Research and Economics

Research and Forecasting

London - West End

+44 20 7344 6581
+447824691586
Email

I am the the Chief Economist at global property advisors Colliers International based in London.  I am a research economist identifying timely research topics and directing research and forecasting outputs.

I have over 20 years UK and European property industry experience and extensive expertise across a wide range of property sectors and related industries.

I participate regularly in industry panel discussions, but am focused more on direct client engagement with institutions, property companies, banks, and private investors. A regular media commentator, I have a wide range of national and broadcast experience.

I joined Colliers International in August 2007 after several years at a private property company where he was responsible for managing a mixed portfolio of London residential, retail and office assets.

Previously, I worked in a few London property advisory firms, a geodemographic company as well as a few youthful sojourns in the US offshore oil industry, local government and entertainment business.

I am an economics graduate of the University of Texas at Austin and received his PhD from the Faculty of Science at University College London.  I am a member of Lambda Alpha International and the Society of Property Researchers.

Perhaps best known for my alternative take on property economics and investment, I am a keen proponent of UK regional development and infrastructure investment.

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Oliver Kolodseike | Colliers | London - West End

Oliver Kolodseike

Director of Economics and Research

Research and Forecasting

London - West End

+44 20 7487 1671
Email

Oliver is Head of Economic Research and leads the quarterly UK forecasting process including the publication of Colliers' Real Estate Investment Forecasts (REIF) report. He also  authors the monthly Property Snapshot and, quarterly Scotland Snapshot. Prior to joining Colliers, he worked for the Centre for Economics and Business Research and IHS Markit. Oliver holds a BA in Economics from  Georg-August University Göttingen (Germany) and an MSc in Economics from Exeter University.

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