What a difference a year makes. This time last year about 5% of the UK's total warehouse space was available to let. Now logistics space has plunged to around 1.5%. The rapid growth of online shopping has fuelled demand for more (and bigger) distribution hubs, and supply will need catch up.

In the fight for more space CBRE have reported that several companies have recently agreed to pay 20% above the asking price for premises. This is inevitably leading to more investors moving into the market but it is a tough time for the logistics sector in the run up to Christmas with a scarcity of lorry drivers and warehouse space.