The multi-storey warehouse concept originated in Japan over 25 years ago. Since then, it has become established across several key Asian markets including South Korea, China and Singapore, where large affluent urban populations and high population densities have exerted strong pressure on land values.
The UK is one of the top 10 largest economies in the world, ranked by GDP, and many of Carter Jonas’ London based clients seem to be taking the view that, deal or no deal, life beyond if / when it happens, will still go on given the critical
mass of the UK economy.
The Birmingham commercial property market has seen robust demand so far this year. This is particularly true of the office sector, with total office take-up 30% above the 10-year average during the first half of 2019.