Big Shed Briefing

"Moving into 2026, we anticipate core buyers slowly returning to the market, with continued investor sentiment shifting from single let to multi-let (MLI) assets."

"The logistics market has passed its toughest phase, but weak economic growth limits upsizing. Rental growth should stay modest at 2.7% in 2026, with supply moderation and structural trends paving the way for more landlord-friendly conditions later in the decade."

"Robust take-up fails to dent national supply picture"

"Nearly 70% of available supply is Grade A quality"

"Second-hand stock has increased 55% compared to a year ago"

"Continued absence of larger sheds, particularly above 500,000 sq ft"

"Pockets of undersupplied size bands, but the bulk of space sits in the 100,000–300,000 sq ft band"

"Supply falls by 6% resulting in undersupply in some sub-markets"

"Fall in vacancy has been supported by increased deal activity, particularly for larger units"

"Build-to-suit transactions return to the market"