Research
As sustainability and energy security become a key concern across the power-hungry industrial sector, a team from G… https://t.co/x4ZLsd5FE9
2 years agoPrime Logistics is an essential tool for any developer, investor or occupier interested in the market for logistics buildings over 50,000 sq ft in size across each of the UK’s 26 key distribution markets.
Lowest take-up since Q1 2020 but market rents and investment pricing both rise
Logistics take-up fell in Q1 2023 to its lowest since the start of the pandemic in 2020. This reflects the broad economic slowdown and ongoing high cost inflation for occupiers. However, deals in Q1 largely reflect decisions taken last year and the headline figures belie the underlying robustness and diversity of the industrial occupier market and recent improvement in sentiment. Availability remains low and below the historic average, despite the recent increase in tenant sub-let “grey space”. Prime rental growth accelerated again in Q1 and investment pricing has recouped some of the lost ground from 2022.
Q1 2023 MARKET OVERVIEW
Availability rate Q1 2023
New/modern availability rate Q1 2023
Prime rental growth Q1 2023
Inward prime yield shift in Q1 2023
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