
The logistics market in Yorkshire and the North East
"Supply falls by 6% resulting in undersupply in some sub-markets"
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"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"

"Amid global disruption, logistics occupiers are focusing on flexibility, cost control, and resilience to adapt real estate strategies to shifting geopolitical, economic, and climate risks"

"Just when you thought it was safe to go back in the water – will tariffs derail a recovery in the European economy?"

"Tariff impact on occupier markets yet to be seen, but UK political stability looks to be aiding volumes"

"I&L take-up in 2024 reached 28m sq ft, 7% above pre-Covid. Vacancy rates remain high, speculative development slowed, and ESG refurbishments increased, while power supply issues and rising labour costs challenge build programmes"

"Market conditions are set fair, indicating early-stage recovery; however, US policy on tariffs sees a moment of reflection from both buyers and sellers"

"A slowly improving but fragile economic situation should support the recovery in the investment market, while there are signs that the occupiers market may be reawakening"

"Investors cautiously optimistic, and well-aligned with occupiers"

"Positive overall sentiment but many challenges on the horizon"