Black Country growth stifled by industrial land shortage
A desperate shortage of available industrial/warehouse premises across the Black Country region is stifling the area’s economic growth potential.
Birmingham-based chartered surveyors Johnson Fellows said the lack of supply was having a knock-on effect for the wider economy with companies unable to expand promptly and the design and build process taking a minimum of 12 months to provide a building fit for purpose.
The firm said the most acute shortage appeared to be within the multi-let industrial estate sector.
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