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UK Logistics & Industrial Outlook

Edward Bavister • 08/05/2024
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. 

Q1 Key Findings:

  • Take-up totalled 9.0m sq ft during the first quarter of 2024, as the market saw 55 transactions for units of 50,000 sq ft and bigger. Although this represents a contraction of 12% quarter on quarter, the value falls between the 5-year and 10-year pre-pandemic Q1 average.
  • The share of demand facilitated within speculatively developed space fell during the quarter due to an increased appetite for second-hand existing buildings. Demand for existing space totalled 4.7m sq ft its highest level since Q1 2022.
  • Availability contracted for the first time since Q2 2022. Total availability now stands at 64.8m sq ft, a contraction of 3% driven predominantly by a reduction in the supply of Grade B and Grade C space.
  • Investment volumes remain muted although a total quarterly volume of £1.3bn marks a minor improvement on the Q4 value.

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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