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UK Logistics & Industrial Outlook

Edward Bavister • 22/10/2024
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. 

Q3 2024 Key Findings:

  • Demand for Logistics & Industrial property fell to 6.2m sq ft during Q3, taking 2024 take-up to 26.3m sq ft, 15% ahead of 2023. 
  • Although recovery stalled during the quarter, demand from key occupier groups such as manufacturing, retail and 3PLs remains robust, accounting for over 60% of total demand.
  • Availability increased for the first time during 2024 to 64.2m sq ft a modest increase of 1.64% driven predominantly by a rise in existing Grade B space coming back to market.
  • The development pipeline continues to contract, with new starts falling to 2.2m sq ft, down from 2.6m sq ft during Q2 2024.
  • Investment volumes remain muted totalling £1.4bn during Q3 2024 and taking YTD volumes to £4.5bn, 13% behind the volume recorded at this point in 2023.

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Richard Evans (London, UK)
Richard Evans

Head of Logistics and Industrial, UK
London, United Kingdom


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Edward Cornwell - London
Edward Cornwell

International Partner
London, United Kingdom


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Timothy Stuart Crighton - London
Tim Crighton

International Partner
London, United Kingdom


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Christopher Jones
Christopher Jones

Partner
London, United Kingdom


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Sally Bruer
Sally Bruer

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


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