It looks like the north-west industrial market is set to face a shortage of Grade A stock due to a lack of warehousing space.

This is despite the fact that there is an intended 2.2 million square feet of extra space to be delivered throughout this year at various times and by different developers, according to real estate advisor Savills and reported by Logistics Manager.

Savills had said that although the north-west has lots of proposed development, it still won't be enough to absorb the growing rate of take-up. It's expected that there will be a maximum amount of 3.44 million square feet needed for warehouse space throughout this year, if no stock is going to be lost.

Last year saw an even higher and record-breaking amount of industrial uptake in this area with a space of 4.56 million square feet.

Stuart Murray, industrial director at Savills, said: "Speculative development is very much on the agenda in the north-west... However, if average take-up continues, there simply won't be sufficient supply even given the healthy development pipeline."