"Take-up surged 132% year-on-year to 3.6m sq ft, rapidly reducing vacancy to 6.3% and tightening occupier choice across prime locations."

"Despite 1.88m sq ft of take-up, limited XL availability, with one unit over 500,000 sq ft, remains the defining constraint."

"The delivery of 2.37m sq ft of speculative space has boosted supply, positioning the South West for larger-unit demand nationally."

"Greater supply and increased constraints, but demand stays diverse and occupiers remain resilient."

"With 4.3m sq ft under offer and speculative development 63% below its 2022 peak, supply conditions are set to tighten further."

"Despite ongoing uncertainty, UK logistics demand remains resilient, with 15.7m sq ft transacted as supply falls to 64m sq ft."

"Take-up rose 7% to 1.51m sq ft despite a 41% pipeline fall, underlining resilient demand across London and the South East."

"Online retail and manufacturing demand remain resilient, accounting for 81% of take-up, while limited Grade A options are tightening competition for modern space."

"With 94% of available stock classed Grade C, Wales offers clear redevelopment potential as occupiers seek modern, higher-quality logistics space."