Multi-let and Mid Box – December 2022
The largest regional economies accounted for the greatest share of take-up with the South East, West Midlands and East Midlands contributing over half the total
- Oliver Jones
- Tim Clement
- Jon Sleeman
Welcome to the second edition of our multi-let and mid box industrial market report, which focuses on new industrial schemes and buildings between 5,000 sq ft and 99,999 sq ft.
Take-up in the first nine months of 2022 was robust against a background of rising economic challenges and falling levels of availability.
Given good demand and modest supply, rental growth has remained strong. In the 12 months to the end of September 2022 prime headline rents for standard industrial units across GB jumped by 17%.
The investment market has seen a significant repricing since the market peak earlier this year. However, there are recent signs that the market has become more stable with some improvement in investor sentiment.
Looking forward, given current economic conditions, prime buildings and core locations will be best placed to meet market demand and to deliver the best performance for developers and investors.
To discover more about the multi-let and mid box industrial market, download our latest report.
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