UK Big Box
The UK logistics market saw a strong year in 2019. Big box (Grade A units of 100,000 sq ft and over) take-up reached 19.9m sq ft, matching the five-year annual average.
This report provides a comprehensive round-up of occupier market demand and supply, based on our tracking of Grade A quality distribution units of 100,000 sq ft and over. Additional insights are provided covering investment activity and yields.
Overall, 2019 was a strong year for the sector, with take-up hitting 19.9 million sq ft.
Retailers continued to drive demand in the market and last year over a quarter of all Grade A take-up was in dedicated e-commerce facilities.
In 2020, we remain positive about the logistics market for occupiers, despite the expected economic and political headwinds.
For investors, the UK market continued to present attractive opportunities and remained the most resilient sector in the UK property market in 2019. Investment focus will remain on prime UK locations as well as the most well specified assets during 2020.
To explore the key takeaways from 2019 activity in the ‘big box’ sector, please fill out the form below.