Three-quarters of UK warehouse owners say their space is full to capacity and storage costs have soared by up to 25% in the past three months after a surge in Brexit-related inquiries.
The UK Warehousing Association (UKWA), whose 750 members have more than 9.3m sq metres (100m sq ft) of space nationwide, said there was a shortage of space close to major cities for stockpiling goods in case of holdups at ports after a no-deal exit from the EU.
A survey of UKWA members from across the country last month found 85% had received Brexit-related inquiries. About 75% were unable to take on more business from new customers.
