Cushman & Wakefield RETHINKING: The Shape Of Real Estate 2040

LOGISTICS AND INDUSTRIAL The evolution of the logistics and industrial sector throughout the past decade has been marked; transitioning the sector from a poorly perceived asset class proliferated by poor quality buildings during the late 1990s and 2000s to a critical contributor to the economy with rapidly modernising stock. This shift has largely been driven by consumer demand and the evolution of supply chains, which has increased the need for modern high specification warehousing solutions, located in strategically connected markets. BY 2040, THE INDUSTRIAL AND LOGISTICS SECTOR WILL INCREASE BY 16%.

LOGISTICS AND INDUSTRIAL FLOORSPACE FORECAST

INDEX (2023 = 100)

140

120

100

80

60

FORECAST

LOGISTICS & INDUSTRIAL

40

20

2005

2010

2015

2020

2025

2030

2035

2040

CAGR

TOTAL

VOLUME CHANGE

2023-40

2005-23

2023-40

2005-23

2023-40

2005-23

LOGISTICS AND INDUSTRIAL

-0.1%

0.9%

-1.9%

16.0%

-71.9M SQ FT

581.3M SQ FT

RETHINKING: THE SHAPE OF REAL ESTATE IN THE UK

24

CUSHMAN & WAKEFIELD

OGI