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Our latest UK Logistics & Industrial National Outlook showed that take-up rose by 15% y-o-y in Q3 to reach 8.6 million sq ft.
From a regional point of view, the East Midlands, London & South East/East and Yorkshire have registered above average levels of activity over the last 12 months.
Nationally, availability rose by 6% y-o-y to reach 64.2 million sq ft at the end of Q3, equating to two years of supply.
Illustrating the continued flight to quality, the combined share of speculative lettings and build-to-suits reached the highest level since 2008 (45% of deals).
Key headlines include:
- 24 million sq ft take-up in the first nine months of the year is on a par with its five-year average
- 43 deals this quarter, down by 17% on a quarterly basis, signalling perhaps a degree of Brexit-related nervousness among occupiers
- 26% take-up share of 3PLs
Check out Cushman & Wakefield's National Logistics & Industrial Rent & Yield Map which shows the current rental rates and yield levels for towns & cities across the UK. Download Now.
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