Research
Prime 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.
OCCUPATIONAL MARKET SOFTENS IN Q1, BUT FORWARD-LOOKING INDICATORS ARE MORE POSITIVE
Industrial occupier market conditions weakened in Q1, as quarterly demand slipped and availability increased, but the volume of space under offer or in the planning pipeline is relatively high and there’s renewed confidence and intention to take space. The slowdown in speculative development activity last year means the volume of supply due to be delivered to the market this year is low. This will alleviate upward pressure on availability and underpin continued positive prime rental growth this year.
Q1 2024 MARKET OVERVIEW
Sq Ft Take-up, Q1 2024
Availability rate, Q1 2024
Annual prime logistics rental growth, Q1 2024
Quarterly increase in speculative development starts, Q1 2024
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