logistics

"Of the 2.05 million sq ft available, 52% is poor-quality Grade C space, restricting occupier options."

"Supply has risen by 10% to 7.73 million sq ft, but options in quality and size remain limited."

"Highest level of take-up for three years, but a further rise in supply."

"Transactional activity is up 49% on 2024."

"Supply has fallen by 45%, with the vacancy rate falling to 5.07%."

"A shortage of modernised stock and an absent pipeline supporting robust rental growth forecasts."

"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."