New figures have revealed that UK retail warehouse vacancy rates rose to 6.4% at the end of 2024, up from 4.9% in 2017. While this is a clear reflection of wider economic pressures and a slowdown in the take-up of new builds, Midland Pallet Trucks believes businesses are at risk of missing a key opportunity: the chance to optimise under-utilised space with smarter equipment and processes, rather than relying on costly expansion.
The research, published by Trevor Wood Associates, shows that vacancies edged down to 6.2% in the first quarter of 2025, with further improvement expected mid-year. This suggests that while the sector remains under strain, there is scope for businesses to rethink their existing assets.
With consumer demand still shaped by e-commerce and fluctuating retail patterns, many operators are turning to efficient, durable manual handling equipment to boost productivity without the need for new sites.
Midland Pallet Trucks, a leading supplier of hand pallet trucks, stacker trucks and lift tables, has seen a clear rise in enquiries from firms looking to make better use of their existing warehouse capacity. By investing in reliable handling solutions, businesses can increase throughput, reduce bottlenecks and improve health and safety standards – all without adding extra square footage.
Phil Chesworth, Managing Director at Midland Pallet Trucks, said, “Vacancy rates rising to 6.4% may sound like a challenge for the sector, but in reality it shows where the opportunities lie. Rather than rushing into new leases or builds, businesses can get far more out of the space they already have by rethinking their operations.
“With the right manual handling equipment in place, warehouses can improve efficiency, increase capacity, and support staff wellbeing at the same time. That’s a smarter, more cost-effective approach in a climate where every square metre counts.”
Midland Pallet Trucks is calling for businesses to seize the moment and invest in efficiency, turning under-utilised space into a strength rather than a liability.