Changing shopping habits which resulted from the pandemic meant that uptake from the e-commerce, food delivery and 3PL markets boomed over the last two years.
This significant rise in demand led to a series of major lettings across the Gatwick region to last-mile delivery brands including Hermes, DHL and Amazon, to name but a few.
However, occupier demand has continued to outstrip supply, as industrial stock reached an all-time low thanks in large part to the lack of speculative development right across the south east over the last 20 years – until now.
Thankfully, we are starting to see the supply-demand dynamic translate into development action, with several quality speculative developers active across the Gatwick Diamond region.
This will deliver a much-needed pipeline of speculative industrial and warehouse accommodation to market in Crawley and the surrounding area, over the next 18 months.
Approximately 500,000 sq ft of warehouse space is due to complete this year, with a further 1 million sq ft proposed for 2023 and beyond.