Space to Grow

By 20/08/2018No Comments
Recent figures suggest that the economy is continuing to grow with confidence returning to many sectors. The CBI has recently estimated that the …

Recent figures suggest that the economy is continuing to grow with confidence returning to many sectors. The CBI has recently estimated that the economy expanded by 0.7% in the 3 months to March, and strong growth is anticipated for the current quarter. There are, of course, potential potholes in the road to success; the Eurozone, the election, the Greek question, the strong pound and doubtless others not yet foreseen, but overall there is a positive outlook for the economic future.

The opportunities and constraints of growth

Growth means more activity, more production, more premises – more space. For a long time following the economic downturn there has been spare capacity both in terms of labour and operational space. This is changing, certainly as far as the supply of industrial and logistics space is concerned. The confidence to carry out speculative commercial building has been absent in recent years as there was plenty of supply in the market, however, in 2014 developers started returning to the market, predominately in the Midlands and South East. It is anticipated that other regions will see some expansion of commercial development during 2015.

The cost of industrial and commercial building is also expected to rise as expansion continues. Sourcing land in the right area is becoming more difficult, with the planning system playing a part as well as a lack of suitable sites. Shortages tend to mean an increase in value and it is expected that land prices will increase. Construction costs generally, in both the residential and the commercial sectors, are rising due to a shortage of skilled labour and reliable sub-contractors.

Affordable extra operational space?

The increase in economic activity will naturally eventually lead to a need for more operational space across a variety of sectors. For example the internet has dramatically changed the way many of us buy things, and this is changing the way the logistics industry operates. Eventually there will be even larger hubs for sorting and processing goods, which will feed smaller units embedded in metropolitan areas from where the goods will be delivered to customers.

There will be changes across many industrial and commercial sectors, some of which we can’t foresee, but one requirement for any growing business is going to be flexibility. The way business is carried out will mean that companies will have to be ready to react, to gain competitive advantage and retain customers. There are many reasons why additional operational space is required, for example, general expansion, a new order, seasonal fluctuations or a fire affecting the current premises.

One way to get more space is to find larger premises, but as we have seen the cost associated with that option are increasing and, if the decision is time critical, the lead time may not be acceptable. An answer could be a temporary building for use as a short or long term solution.

Temporary building alternative

Available in widths from 5m to 30m and an unlimited length, these buildings offer a low cost alternative to traditional buildings. All that these buildings require for ground works is hard standing for anchorage, which means they can be erected in a matter of days. In line with customer expectations they can be configured to suit particular applications and they can be insulated, have different type of vehicle and pedestrian access doors, lighting, flooring etc. to make the building work whatever the application, whether it is retail, a warehouse or as a production facility, for example.

If you need more operational space it is worth considering a temporary building. The advantages of cost and construction time makes it a viable alternative to a permanent building.

Leave a Reply