Europe will see an additional 11.6 million square meters (125 million square feet) of warehouse demand due to the manufacturing sector by the end of 2022, based on Capital Economics forecasts data, reported Savills. Take up in the European manufacturing sector has grown significantly over recent years, rising from 2 million square meters (22 million square feet) in 2012 to 4 million square meters (43 million square feet) in 2019. Even though take up is expected to be slightly lower in 2020, it is anticipated to surpass 4 million square meters (43 million square feet) in 2021 again and then continue to rise.
Over the past five years, the United Kingdom has attracted £148 billion (€163 billion/$191 billion) of private manufacturing investment, creating demand for 2.4 million square meters (26 million square feet) of warehouse space. This indicates that for every £1 billion (€1.1 billion/$191 billion) of private manufacturing investment, this creates new demand for 175,000
