Amazon purchased 23% of all industrial space sold in 2020

Amazon has purchased nearly a quarter of all the industrial space sold in the UK this year as its share of the market continues to accelerate.

According to new data from Savills published by Property Week, Amazon accounted for 23 per cent of all the industrial space sold since the start of 2020.

This represented a whopping 3.15 million sq ft of the 13.5 million sq ft total take-up this year.

Amazon also accounted for 75 per cent of the online retail industrial take-up this year, its largest portion since 2016 when it represented 85 per cent.

The report also detailed how Amazon has significantly accelerated its take-up over the past few years, rising from seven per cent in 2015, to 21, 9, 19 and 11 per cent in the respective proceeding years.

READ MORE: Amazon in talks to buy bankrupt JC Penney’s store estate

It comes as industrial take-up by online retailers reached an all-time high of 39 per cent in the first quarter of 2020.

Amazon’s appetite for property, both industrial and commercial, shows no signs of abating in any of its markets.

In May it was revealed that Amazon could buy JC Penney’s entire 846 store estate after the US department store filed for Chapter 11 bankruptcy reorganisation.

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