Tessa joined the JLL research team in 2010 specialising in the UK industrial and logistics market.
The big box logistics market has experienced a mini boom over the last couple of years, attracting significant interest from both occupiers and investors. Grade A supply is now half the level it was two years ago. This sharp reduction in supply has been attributable to a pick-up in a demand and a lack of […]
When rents start to increase landlords generally start to feel happier(!) – viewing the increase as a signal that the market is improving (although, of course, the same cannot be said for occupiers…). I have, for some time, been expecting industrial rents in the UK to start rising. This has now been confirmed by JLL’s […]
At a recent client presentation about the logistics of online and multi-channel retail the client asked about the risks associated with a company operating out of a single warehouse compared with multiple warehouses. This was a relevant question given retailer ASOS had been in the news recently as their warehouse in Barnsley, which is used […]
Companies need to be prepared for all eventualities to ensure a smooth running operation even when the worst happens. With this is mind I recently visited Sony’s new distribution warehouse in Enfield on a Chartered Institute of Logistics and Transport (CILT) organised tour. Sony’s warehouse was burnt down during the summer 2011 riots and the […]
Last week’s budget brought an announcement that may have significant implications for the industrial market in the UK relating to a change in planning laws which would give greater flexibility in change of use to residential from industrial use. George Osborne stated there will be a review of the English General Permitted Development Order. This […]
At the start of this year I looked at the amount of industrial floorspace speculatively under construction for our ‘UK Industrial Property Trends Today’ report and found that nationally there was less than 750,000 sq ft of industrial space being built speculatively as at February 2013. But with economic activity and business sentiment improving, I […]
I recently attended the IAS/IPF seminar which discussed the impact of e-commerce on the logistics market. This is something that we have been researching for a while at Jones Lang LaSalle and the event very much confirmed our own views on e-commerce. There is increasing interest from occupiers, developers and investors to understand the impact […]
We have now finalised our 2012 numbers for the UK ‘Big Box’ market. I think it is fair to say that the level of take-up over the year was disappointing and below the expectations we had at the start of the year. This was largely because occupier activity got off to such a slow start. […]
Last month £5.4 billion was spent online in the UK, according to the latest figures published by Interactive Media in Retail Group (IMRG), 10% up on the same month of 2011. Pure play (online-only) retailers performed well in February with year-on-year growth of 13%, whilst multi-channel/high street retailers recorded growth of 8%. This was the […]
