Take up in the first nine months of 2021 reached 1.8m sq ft, only marginally below the trend level of activity for the South East London & Kent market. Activity was boosted by the pre letting of the 450,000 sq ft. The Powerhouse in Dartford to Ikea. The building is adjacent to Amazons new 2.3m facility at the site, which became operational earlier this year.
Amazon also acquired 104,500 sq ft last mile delivery unit at Cray Avenue Orpington to service the local area. The facility is expected to be fully operational by Q4 2021. There has also been a particularly active period in the small and medium (<25,000 sq ft) building sector, with activity accounting for 53% of overall take up in the market.