There was a seismic shift in shopping habits, with the emphasis being forced away from the high street to online. This created unprecedented demand for storage warehousing to facilitate the delivery of goods to households nationwide.
Now that a vaccine against Covid19 is available, there will be a shift back towards high street retailing. However, some of the habits formed during and between lockdowns will remain. More people will now work from home than before; more people will continue shopping online, having realized the benefits of goods such as groceries and clothing being delivered to the door. It saves the time and cost of travelling to shops and stores, and makes people’s lives more efficient. Therefore, the strong demand for storage warehousing will remain.
Griffin has responded by offering to build premises for distribution companies, to their own design and specification. The advantage to the distributors is that they are able to rent or buy bespoke premises tailored to their exact needs in their preferred location, rather than adapt their business to a standard floorplan in a compromise location. Upon completion, the clients have the option to lease or buy the premises from Griffin.
Demand for this service exceeds supply. In line with our stated mission Griffin has identified the opportunity and is delivering the solution.