Heathrow is heading a UK recovery in the Logistics sector, that echoes one across Europe, according to new figures from DTZ.
DTZ Research have issued a report – ‘Property Times – European Logistics’ – saying the UK logistics market has a recovery underway with a 19% increase in space take-up during 2010. The report also highlights that London Heathrow was among the five main European airports to report an increased cargo volume of between 15-25% in October 2010. This is in contrast to an average decline of 13.5% in 2009.
The UK is one of 4 out of the 5 top markets in Europe where logistics take-up for 2010 increased. GDP growth across Europe coupled with consumer and industrial production has created a platform for a steady but sustainable recovery, say DTZ, with occupational demand in logistics markets increasing as the economic recovery becomes more firmly established and a number of successful companies seek to consolidate their market position.