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.
A CAUTIOUSLY OPTIMISTIC OUTLOOK: REDUCED
SPECULATIVE DEVELOPMENT WILL UNDERPIN RENTS AND
INVESTMENT VOLUMES SHOULD INCREASEÂ
Occupier take-up was 11.9m sq ft in Q2 – up 14% on Q1 and 19% on Q2 2023. Short-term comparisons are favourable but over the longer-term demand is effectively back to the pre-pandemic average. The overall rate of availability increased for the sixth consecutive quarter to 6.7% in Q2 but remains relatively low by historic standards. Speculative development continued at its much-reduced rate in Q2 which, along with some flexibility in lease terms, will help underpin prime rents.
Q2 2024 MARKET OVERVIEW
Sq Ft Take-up, Q2 2024
Availability rate, Q2 2024
Annual prime logistics rental growth, Q2 2024
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