Download our latest Market Report – July 2025

We are pleased to announce our bi-annual market report focussing on the North West industrial and logistics market

• Approximately £532M of North West industrial investments were transacted in H1 2025 – highly comparable to the £538M transacted in H1 2024.
• Demand remained strongest for prime assets and especially those with ‘value add’
  opportunities, and weakest for secondary, tertiary and core / core plus opportunities.
• Supply of prime assets has been relatively restricted throughout H1 2025, with a more
  notable supply of secondary assets in the market
• The pricing gap between prime and secondary assets continued to expand, driven in part by high refurbishment costs and ESG concerns.
• Speculative funding opportunities remained challenging, albeit most viable for good quality multi-unit schemes in strong locations.
• H1 2025 big box take up totalled 1.56M sq ft, down from 1.90M sq ft in H2 2024, albeit there are signs showing greater depth to the market with a further 1.30M sq ft in legals.
• A new ‘Big Box’ record rent has been achieved for the region, set at £12.27 per sq ft in
  Warrington (124K sq ft).
• New build supply has increased with a number of schemes reaching practical
  completion, albeit we expect supply to have peaked with only 968K sq ft under
  construction.
• Record headline new build rentals continue to be achieved in the mid box / MLI sub
  sectors.
• Strong rental growth is continuing across the region, but we are seeing larger
  incentive packages being offered by landlords to secure deals.

To read more on these trends and hear from our experts download our latest biannual market report

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