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UK Logistics & Industrial Outlook

Edward Bavister • 24/01/2024
The UK Logistics & Industrial National Outlook report analyses quarterly UK industrial and logistics property activity across the UK including demand, market supply and pricing trends with an outlook to future trends in this property sector. 

Q4 Key Findings:

  • Take-up totalled 10.25m sq ft during Q4 2023, taking the full year volume to 32.5m sq ft throughout 2023, just 2% below the five-year pre-pandemic average.
  • Despite the number of units under offer falling, the total volume of space under offer rose during Q4, now accounting for 9.7m sq ft, pointing to a potential recovery in the occupational market during 2024.
  • Availability has continued to increase rising to 66.4m sq ft, although Q4 stats continue to show a deceleration in the volume of stock coming to market.
  • Availability had previously been growing by circa 4m sq ft a quarter since Q2 2022.
  • The volume of grey space available contracted during Q4 2023, with total space available by way of sub lease now standing at 7.3m down from 7.7m sq ft during Q3.
  • Investment volumes remain muted totalling £6.4bn during 2023, following £1.2bn transacting during the final quarter of 2023.

Key Contacts

Richard Evans (London, UK)
Richard Evans

Head of Logistics and Industrial, UK
London, United Kingdom


+44 (20) 71525132

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Edward Cornwell - London
Edward Cornwell

International Partner
London, United Kingdom


+44 207 152 5103

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Timothy Stuart Crighton - London
Tim Crighton

International Partner
London, United Kingdom


+44 (0) 7740 424 792

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Christopher Jones
Christopher Jones

Partner
London, United Kingdom


+44 207 152 5014

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Sally Bruer
Sally Bruer

Head of EMEA Logistics & Industrial and Retail Research
London, United Kingdom


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