The big supermarkets may well be axing many of their high street convenience stores due to a combination of high costs and low profits, but the supermarket warehouse boom is continuing and attracting the attention of commercial property investors in the process. <\/p>\n
According to the Financial Times recently, customers are increasingly shopping online and this is what is driving demand for large warehouse spaces from supermarkets such as Tesco, Morrisons, Sainsbury\u2019s and Aldi. <\/p>\n
Online sales are currently growing at 12% a year and although they still account for only 12% of spending, the convenience of online shopping is likely to see online sales rival those of supermarkets in the years to come. It may also bring an end to the traditional weekly shop. People may be more likely to gather round a tablet or desktop computer to shop rather than venture out in the car. <\/p>\n
The expansion of warehousing may be halted temporarily by the lack of space to build and a shortage of available units. This may well act to push up the prices of warehouses across the UK and land that is suitable for the purpose. <\/p>\n
Investors are likely to find the prospect of high demand now and in the future a good reason to put more money into what was previously seen as an unglamorous and low yield investment. <\/p>\n","protected":false},"excerpt":{"rendered":"
The big supermarkets may well be axing many of their high street convenience stores due to a combination of high costs and low profits, but the supermarket warehouse boom is continuing and attracting the attention of commercial property investors in the process. According to the Financial Times recently, customers are increasingly shopping online and this […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33,9,22,80,81,29,34],"tags":[3,14,17,13,15,16,12,26,27,32,83,31,11],"class_list":["post-94","post","type-post","status-publish","format-standard","hentry","category-millennium-storage-and-interiors","category-refurbishment","category-uk-manufacturing","category-warehouse-racking","category-warehouse-shelving","category-warehouse-storage","category-warehouses","tag-millennium-si","tag-office-design-solutions","tag-office-interiors","tag-office-partitioning","tag-office-planning-solutions","tag-office-refurbishment","tag-office-space-planning","tag-warehouse-racking","tag-warehouse-shelving","tag-warehouse-solutions","tag-warehouse-storage","tag-warehousing","tag-workspace-design","post-preview"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t