Take-up

For prime mid-box units in the M27 Corridor, transactional activity in 2026 YTD totalled 370,000 sq ft across nine transactions, down 18% year-on-year, but take-up in Q3 2026 is up 64% on the pre-pandemic Q3 average of 76,000 sq ft. Across the size bands, units between 20,000–40,000 sq ft accounted for 38% of take-up, 40,000–60,000 sq ft accounted for 41%, and 80,000–100,000 sq ft accounted for 22%.

Occupier Sector Take-up

By occupier sector, 57% of the transactional activity came from manufacturing companies. With wholesalers accounting for 22% and automotive companies accounting for 14%.

Supply

The current availability stands at 536,000 sq ft across 15 units. This has increased by 11% quarter-on-quarter but is down by 15% year-on-year. The majority of available space is for units between 20,000–40,000 sq ft.

By size band for units between 20,000–40,000 sq ft, available supply totals 337,000 sq ft and units between 40,000–60,000 sq ft at 199,000 sq ft. Units at Quest 271 and Vortex can be combined to satisfy requirements over 60,000 sq ft.

Speculative Pipeline

There is only 22,700 sq ft currently on site and under construction across one unit at Voyager Park.

However, there is 223,000 sq ft of space at T-Park Southampton, which is due to start on site within the next six months.

In Q3 2026, there were 22,700 sq ft of speculative announcements and 97,600 sq ft of speculative completions. With one unit at Proxima Park let before practical completion.

Years of Supply

Across the M27 Corridor, there is 0.99 years of supply based on the three-year average annual take-up. By size band, there are 1.87 years of supply in the 20,000–40,000 sq ft range and 1.33 years of supply in the 40,000–60,000 sq ft range.

Quoting Rents

The prime quoting rent for the M27 Corridor has stayed stable, standing at £15.00 psf.

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