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Storing up Trouble: The Economic Impact of Industrial Development

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  • Bob Thompson

Abstract

"Changes in the industrial property sector have been well documented. A decline in manufacturing industry in developed global economies has shifted the property emphasis from manufacturing to storage and from factories to warehouses. Attitudes to warehousing differ substantially between the UK and the rest of Europe. On the mainland, logistics is welcomed as an important supplier of employment. In the UK however, some planners and politicians see warehouses as somehow ""cheating"" local economies out of jobs by taking land and creating low levels of relatively poor quality employment. This paper reports on an ongoing research programme undertaken with AtisReal (Fuller Peiser) into the perceptions of UK planners to logistics and the reality of warehouse development.At the papers heart is a model that facilitates comparisons between the development of warehouses, light industrial property and factories in terms of their economic impact over a typical lease length. "

Suggested Citation

  • Bob Thompson, 2007. "Storing up Trouble: The Economic Impact of Industrial Development," ERES eres2007_412, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2007_412
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    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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