The logistics market in the West Midlands
"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."
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The logistics market in the North West
"Online retail and manufacturing demand remain resilient, accounting for 81% of take-up, while limited Grade A options are tightening competition for modern space."
The logistics market in Yorkshire and the North East
"Despite 1.88m sq ft of take-up, limited XL availability, with one unit over 500,000 sq ft, remains the defining constraint."
The logistics market in the South West
"The delivery of 2.37m sq ft of speculative space has boosted supply, positioning the South West for larger-unit demand nationally."
The logistics market in Wales
"With 94% of available stock classed Grade C, Wales offers clear redevelopment potential as occupiers seek modern, higher-quality logistics space."
The logistics market in the East of England
"With one year's supply remaining and no speculative pipeline underway, the East of England faces intensifying competition for modern logistics space."
The logistics market in Scotland
"Scotland's 2.75m sq ft supply is entirely Grade B and C, leaving no Grade A space and constraining modern occupier demand."
National occupier market overview
"Greater supply and increased constraints, but demand stays diverse and occupiers remain resilient."
UK industrial and logistics market outlook
"With 4.3m sq ft under offer and speculative development 63% below its 2022 peak, supply conditions are set to tighten further."
London’s gravity, hyperscale volatility and the next constraint
"The UK market has entered a structurally tighter phase: demand has broadened and deepened, but deliverable supply remains constrained by power, land and time."
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