180% increase in warehouse demand suggest underlying strength in Scottish economy

It’s in data like this, unlike the almost useless GDP figures or GERS estimates, that you see objective indicators of good health in the Scottish economy. It’s a no-brainer that increased demand for warehouse space means more economic activity, more jobs and more tax revenue. See this in Insider today:

Demand for warehouses in Scotland passed 360,966 sq ft for the last six months, the strongest start since 2016 and an 180% increase on the full year figure for 2018, according to data from Savills. Take-up has mainly consisted of second-hand units which accounted for 67% of all space transacted. Of the available units on the market in Scotland, 90% is within the 100,000-200,000 sq ft size category, while just 11% of the total available space is of grade A quality.

https://www.insider.co.uk/news/warehouse-demand-hits-three-year-18863823

See these recent reports telling a similar story:

‘UK’ property, leisure and tourism in decline? It’s ‘soaring’ up here!

July 31, 2019

Almost half a million businesses in the UK are in significant financial distress, with the property, leisure and tourism sectors particularly badly hit, according to research published today. https://www.insider.co.uk/news/half-million-businesses-significant-distress-18798729 I probably don’t need to remind you of…

 

England should follow Scotland’s lead on regulation of property agents

July 16, 2019

Another area of Housing (Regulated property agents) where those in a position to say are indicating that the changes brought in under the SNP Scottish Govt have significantly improved the functioning of this sector in Scotland as compared…

Umpteenth post on underlying strength in Scottish economy: Property investment up 19.8%!

October 11, 2018

In Insider today: ‘Scottish property investment in the third quarter of 2018 reached £318.4 million, according to research from CBRE Scotland. The property firm said the total figure was achieved across 35 transactions with offices accounting for 29…

‘Glasgow’s blistering commercial property market’

October 6, 2018

Blistering’ is a word I tend to associate with electric guitar solos, but Insider have used it for the dramatic growth of the commercial property market in Glasgow: Blistering’ is a word I usually as ‘Glasgow’s blistering…

One more indicator of economic well-being as Investment in Glasgow office property surges four-fold and Scotland ‘very much on the wish list’

February 28, 2018

Based on the annual regional cities office market review produced by Knight Frank , Glasgow saw a four-fold increase in the total value of investment last year with almost half due to overseas investment. From Knight Frank and…

More real economic data: 37% surge in investment in Scottish commercial property, greater diversity and higher profitability than in the UK

January 25, 2018

‘Investment into Scottish commercial property surged in 2017 as money spread throughout the country and across the office, industrial, retail and leisure sectors. According to figures compiled by Savills, investment reached £2.3bn, 37…

Scotland’s builders only ones in UK to see growth

July 31, 2019

Scotland was the only UK nation to see growth among builders accelerate in the last three months, with an increase in both workloads and enquiries, according to the Federation of Master Builders (FMB) Scotland. The trade association’s State…

Scotland’s construction sector ‘accelerating’ thanks to SNP Government investment in public housing

July 22, 2019

From Insider today: Growth in Scotland’s construction sector has accelerated as businesses become “fed-up” waiting for Brexit, according to new figures. The Q2 2019 RICS Construction and Infrastructure Market Survey also shows workload and employment expectations are gathering pace for…

153% increase in Glasgow conferences puts it above Chicago!

July 1, 2019

‘Glasgow has enjoyed a record year for conference business, according to figures out today. The city hosted 538 events in 2018/19, bringing nearly 160,000 delegates attending UK and international meetings. The annual number of conferences held in…

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4 thoughts on “180% increase in warehouse demand suggest underlying strength in Scottish economy

  1. Bugger le Panda August 9, 2019 / 2:23 pm

    Which Westminster and their Establishment Overlords must not and cannot allow to happen.

    Us sweaty unwashed Jocks cannot have a better system of governance to show to their lost.

    Liked by 1 person

  2. Jim Cruickshank August 9, 2019 / 3:05 pm

    Could this be a product of stockpiling for Brexit.

    Like

    • Legerwood August 9, 2019 / 5:28 pm

      It may have something to do with it but businesses are between a rock and a hard place because this is the time of year they start preparations for Christmas! Maybe we will go back to Christmas past- tangerine, half a crown and a chocolate Santa in our stocking.

      Liked by 2 people

  3. Ludo Thierry August 9, 2019 / 6:54 pm

    Hope it’s OK to offer a quick update on the ongoing story of SERCO trying to evict large numbers of Glasgow domiciled refugees from their homes (SERCO is acting for the UK Home Office as provider of accommodation for this client group). I haven’t seen the story covered much elsewhere (well done Scottish Legal site) – and apparently now reached the 50th lock-change eviction blocked by Glasgow Sherriff Court (well done Scots Law – good work – Hopefully SERCO and the UK Home Office will ease off until a clearer legal position is identified – fantastic work by the lawyers involved). Link and snippet from Scottish Legal site below:

    https://www.scottishlegal.com/article/fifty-lock-change-evictions-blocked-by-glasgow-sheriff-court

    The fight against Serco’s lock change evictions in Glasgow continues with fifty evictions now blocked by Glasgow Sheriff Court.

    The scale of intervention from the court raises serious questions about multinational firm Serco’s evictions policy.

    Lawyers representing people affected by the policy argue that lock change evictions without court orders are unlawful. They are seeking interim interdicts from the Sheriff Court on a case-by-case basis as a means of protecting people at risk of summary eviction, while the law is being clarified.

    Graham O’Neill, policy manager at the Scottish Refugee Council said: “These fifty interdicts are a significant milestone in the campaign against Serco and the Home Office’s inhumane treatment of people seeking refugee protection in Scotland….Until there is a final ruling on this legal case, we urge Serco to immediately stop making people homeless, and to stop spreading fear and anxiety among vulnerable, marginalised groups in Scotland.”

    Never forget – Early Days of a New and Better Nation.

    Like

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