Multi-let and Mid Box – Spring 2024
Investor sentiment remains strong for distribution and industrial assets, albeit with a limited amount of investment stock available.
- Tim Clement
- Oliver Jones
Welcome to the new 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. The report provides data on take-up, available supply, space under construction and rents and yields plus insights from our agents aground GB.
Key take-aways
Take-up of new multi-let and mid box space totalled 5.9 million sq ft across GB in 2023. An additional 1.4 million sq ft was taken up in Q1 2024.
At the end of March 2024 there was 7.9 million sq ft available in completed buildings – slightly lower than September last year.
In addition, there was 6.2 million sq ft speculatively under construction. This figure was considerably down compared with 12 months previous and shows a continued downwards trend since our report began.
Investor sentiment remains strong for distribution and industrial assets with the return of the institutional market and private equity backed buyers, albeit with a limited amount of investment stock available.
To discover more about the multi-let and mid box industrial market, download our latest report.
