英國倉庫市場的建設動向 : 2009年至2013年

Abstract

On the 2nd February 2009, AMA Research will publish the 1st Edition of the report "Construction in the Warehouse Sector - UK 2009-2013". The report should be of particular interest to developers, occupiers, logistics companies and construction professionals and provides a comprehensive review of the warehouse property sector.

Key areas in the report:

• An overall review of the UK warehouse sector with forecasts for development over the next few years.
• A review of warehouse occupiers by end sector and assess how the retail sector is continuing to drive demand, particularly for large warehouses over 10,000 sq. m.
• Detailed assessment of warehouse construction output, together with estimated forecasts for development up to 2013
• Review of the key issues of demand, availability, take-up rates, rents and speculative construction for the regional warehouse markets in Greater London, South East & East, South West & Wales, East & West Midlands etc.

Areas of particular interest:-

• Review of the warehouse development pipeline across the UK and details of key schemes currently under construction and those expected to complete during 2009.
• Changing patterns of distribution within the UK warehousing market
• Review of growing importance of regional locations or ' hubs' to many occupiers - impact on demand for warehouse space in less congested areas.
• Impact of the Energy Performance of Buildings Directive (EPBD) for commercial property, which came into effect from April 2008, and EU Working Time Directive issued in 2005.
• Growing popularity of online shopping and its impact on the structure of the warehouse market.
• Review of leading contractors operating in the warehouse sector and impact of the ' credit crunch' on expected development of warehousing.

Key Contractors profiled:-

• Bowmer & Kirkland
• Buckingham Construction
• The Clugston Group
• Fitzpatrick
• Henry Boot Plc
• McLaren Construction
• Norwest Holst
• John Sisk & Son
• Taylor Woodrow Construction

Key areas of coverage in the report include:-

THE WAREHOUSE MARKET IN THE UK

• Value and size of the Warehouse Market in the UK -trends since 2003, mix between Speculative and Design and Build 2003-08.
• Warehouse Occupiers by End Sector -food, non-food, logistics, manufacturing shares.
• Detailed analysis of the Retail Warehousing Sector -recent trends and future prospects.
• Warehousing Market - demand, availability, take-up rates, rents and speculative development -key market influences, major clients.
• Regional Warehouse Markets - Greater London, South East & East, South West & Wales, East & West Midlands and North East & Scotland. Property availability by region in 2008.
• Distribution of Freight in the UK by Road, Rail, Water and Air and the impact of the EU Working Time Directive on the structure of the warehouse market.

CONSTRUCTION MARKET FOR WAREHOUSES

• Value of Total Construction New Work Output in the United Kingdom - split by sector and Outlook for the Construction Industry in 2009 and Beyond.
• Contractors Output in the Warehouse Market -value from 2002-08 and forecasts to 2013.
• Warehousing -New Development Pipeline -developments since 2002.
• Warehousing - Regional Development Pipeline -space under construction, recent trends and future prospects.
• Warehousing - Speculative Development -space under construction 2005-08, split by region.

KEY ISSUES AFFECTING THE WAREHOUSING SECTOR

• The Economy and the Impact of the ' Credit Crunch' .
• Economic Indicators -Manufacturing Output, Consumer Spending & Inflation.
• Legislative Drivers - Energy Performance of Buildings Directive; Empty Rates Relief; EU Working Time Directive -impact on warehousing sector.
• E Commerce and Warehousing.
• Future prospects up to 2013 -market forecasts and overview of key influencing factors.

CONSTRUCTION MARKET SUPPLY IN THE WAREHOUSE SECTOR

• Structure of the UK Contracting Industry - major players.
• Consolidation in the Construction Industry and the Impact of the ' Credit Crunch' .
• Overview of leading Construction Contractors in the Warehouse Market.

Table of Contents

1. INTRODUCTION 5

2. EXECUTIVE SUMMARY AND FUTURE PROSPECTS 6

3. THE WAREHOUSE MARKET IN THE UK 10

• 3.1 DEFINITIONS 10
• 3.2 THE WAREHOUSING SECTOR IN THE UK 10
• 3.3 WAREHOUSE OCCUPIERS BY END SECTOR 11
• 3.3.1 Retail Warehousing 12
• 3.4 WAREHOUSE AVAILABILITY 14
• 3.5 DEMAND & TAKE UP 15
• 3.6 RENTAL LEVELS 17
• 3.7 DISTRIBUTION OF FREIGHT 18
  • 3.7.1 Road Freight 19
  • 3.7.2 Rail Freight 19
  • 3.7.3 Ports & Waterways 20
  • 3.7.4 Air Freight 21
• 3.8 REGIONAL ANALYSIS OF THE WAREHOUSING SECTOR 22
  • 3.8.1 Greater London 23
  • 3.8.2 South East & East 24
  • 3.8.3 South West & Wales 24
  • 3.8.4 East & West Midlands 25
  • 3.8.5 North East & Scotland 25
• 3.9 OUTLOOK FOR THE WAREHOUSE SECTOR IN 2009 AND BEYOND 26

4. CONSTRUCTION MARKET FOR WAREHOUSES 28

• 4.1 CONSTRUCTION MARKET OVERVIEW 28
  • 4.1.1 Value of Total Output - Construction New Work 28
  • 4.1.2 Output in 2008 29
  • 4.1.3 Outlook for 2009 and Beyond 30
• 4.2 CONTRACTORS OUTPUT IN THE WAREHOUSING SECTOR 32
• 4.3 WAREHOUSING - NEW DEVELOPMENT PIPELINE 34
  • 4.3.1 Speculative Development 34
  • 4.3.2 Regional Pipeline 35

5. KEY ISSUES AFFECTING THE WAREHOUSE SECTOR 41

• 5.1 THE ECONOMY AND IMPACT OF THE ' CREDIT CRUNCH' 41
  • 5.1.1 Economic Indicators 41
  • 5.1.2 Manufacturing Output 41
  • 5.1.3 Consumer Spending and Inflation 43
• 5.2 LEGISLATIVE DRIVERS 45
  • 5.2.1 Energy Performance of Buildings Directive 45
  • 5.2.2 Empty Rates Relief 46
  • 5.2.3 EU Working Time Directive (WTD) 46
• 5.3 E COMMERCE AND WAREHOUSING 47

6. CONSTRUCTION MARKET SUPPLY IN THE WAREHOUSING SECTOR 50

• 6.1 STRUCTURE OF THE CONTRACTING INDUSTRY 50
  • 6.1.1 Consolidation in the Construction Industry - Impact of the ' Credit Crunch' 51
• 6.2 LEADING CONTRACTORS IN THE INDUSTRIAL & WAREHOUSING SECTORS 52
  • 6.2.1 Overview 52
• 6.3 KEY CONTRACTOR PROFILES 53

TABLES AND CHARTS

• CHART 1 WAREHOUSE COMPLETIONS BY TYPE (DESIGN & BUILD / SPECULATIVE - 2003-2008 (%) 6
• CHART 2 TAKE UP OF NEW WAREHOUSING BY SECTOR 2008 - FOOD, NON-FOOD, LOGISTICS, MANUFACTURING. 11
• CHART 3 RETAIL WAREHOUSE DEVELOPMENT PIPELINE (PROPOSED, PLANNING CONSENT 2002 - 2008 (MILLION SQ. M.) 12
• CHART 4 AVAILABLE WAREHOUSE FLOOR-SPACE IN THE UK AS AT JULY 2008 (M SQ. M.) 14
• TABLE 5 WAREHOUSE PROPERTY AVAILABILITY BY REGION AS AT JULY 2008 (MILLION SQ. M.) 15
• CHART 6 TAKE UP OF WAREHOUSE SPACE IN THE UK 2003 - 2008 (MILLION SQ. FT) 16
• TABLE 7 UK WAREHOUSE MARKET - RECENT MAJOR TAKE-UP TRANSACTIONS 17
• CHART 8 DOMESTIC FREIGHT TRANSPORT BY MODE 2008 (%) 18
• TABLE 9 UK WAREHOUSING MARKET - REGIONAL ANALYSIS - AVAILABILITY, SPACE TAKE-UP, SPACE UNDER CONSTRUCTION AND RENTAL VALUES 23
• CHART 10 VALUE OF CONSTRUCTION OUTPUT NEW WORK 2002-2013 (£ BILLION) 28
• CHART 11 NEW CONSTRUCTION WORK- OUTPUT Q2 2007 TO Q2 2008 - BY VALUE (£ BILLION AT CURRENT PRICES) 30
• TABLE 12 CONTRACTORS OUTPUT IN THE WAREHOUSING SECTOR 2002-2013 (£M) 32
• CHART 13 VALUE OF WAREHOUSING CONSTRUCTION OUTPUT 2002-2013 (£ BILLION) 33
• CHART 14 SPECULATIVE WAREHOUSE FLOOR-SPACE UNDER CONSTRUCTION 2005 - 2008 (SQ. M.) 34
• CHART 15 SPECULATIVE WAREHOUSE FLOOR-SPACE UNDER CONSTRUCTION BY REGION 2008 36
• TABLE 16 PRINCIPAL SPECULATIVE WAREHOUSE SCHEMES UNDER CONSTRUCTION BY REGION, SIZE, DEVELOPER, STATUS AND ESTIMATED COMPLETION DATE IN 2008 38
• CHART 17 MANUFACTURING OUTPUT - ALL INDUSTRIES SEPT 2007 SEPT 2008 (%) 42
• CHART 18 RETAIL & CONSUMER PRICE INDEX OCT 2007 - OCT 2008 (%) 44
• CHART 19 ONLINE RETAIL SPENDING IN THE UK 2002 - 2008 (£BILLION) 47
• TABLE 20 MAIN PRIVATE CONTRACTORS - BY NUMBER OF EMPLOYEES 2006 AND 2007 50
• TABLE 21 LEADING CONTRACTORS SHARE OF INDUSTRIAL & WAREHOUSING CONSTRUCTION WORK IN 2007 (£M) 53