Following the Christmas period, which for so many businesses is the busiest time of the year, the new year is a time for restocking, reassessing and reviewing the previous year and making plans for the coming year.
Following Christmas, which for many retailers show a significant jump in its profits and for some covers them for the next year however a new plan must be considered for the next Christmas. This plan can include obtaining new premises or expanding on your current business space.
In recent years, and following the changes to business rates within the UK, online retailers have heavily invested in warehouses to meet the demand of consumers and also to increase job prospects. In 2017 for example, UK warehousing outfits employed around 118,000 people and it is predicted that by the end of 2020, online sales will make up more than one fifth of the UK retail sales especially with many high street stores now using click and collect such as Aldi, Lidl and Tesco following behind them.
Our commercial team at Hewitts have a great deal of experience advising on light industrial and storage and distribution units. If you are considering increasing your space please do not hesitate to contact our team who are based at our offices across the region.