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UK Logistics & Industrial Outlook

Edward Bavister • 23/07/2024
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. 

Q2 2024 Key Findings:

  • Demand for Logistics and Industrial has continued to improve throughout H1 2024, with 10.8m sq ft of demand recorded during the second quarter taking the half year total to 20.1m sq ft.  
  • Recovery has been driven by improved appetite for larger big box buildings, with the volume of space acquired within units of 300,000 sq ft and bigger almost doubling versus levels seen in H1 2023. 
  • A second consecutive contraction in the levels of availability has seen total available space fall to 63.2m sq ft, driven by a reduction in the supply of Grade B and Grade C space. 
  • The development pipeline continues to contract, with new starts falling to 2.6m sq ft, down from 3.7m sq ft during Q1 2024. 
  • Investment volumes remain muted totalling £3.1bn during 2024, marginally outperform H1 2023, but well below the £4.5bn long term H1 average. 

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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