Download our latest Market Report – January 2024

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

  • Approximately £1.46BN of North West industrial investments transacted in 2023.
  • This was 62% ahead of the £900M transacted in 2022, albeit skewed by a number of large acquisitions.
  • A reduced but healthy weight of investor demand targeting North West industrial investments throughout 2023.
  • Supply remained restricted, albeit increased stock came to the market in H2 2023.
  • Pricing for prime assets remained robust throughout 2023, albeit down significantly from the H2 2022 peak.
  • The price differential between prime and secondary assets grew throughout the year.
    2023 ‘Big Box’ occupational take-up in the North West stood at 2.73M sq ft, a 43% decrease on the 5 year average and more in line with pre-covid levels.
  • Prime Big Box rents have achieved £9.50 per sq ft - £10.00 per sq ft, a 20% annual increase.
  • New build mid-box & MLI take-up remained strong in 2023, above the 5 year average.
  • Rental levels across all new build size brackets <90,000 sq ft were up 15% on 2022.
  • 1.4M sq ft of MLI / mid-box development currently under construction across 14 schemes.

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


Investment Properties

Investment Properties

We are market leaders in industrial investment in the North West, offering property investment consultancy to a range of clients, including institutions, property companies, overseas investors and high net worth individuals.

Our knowledge and direct agency experience of locations in the North of England combined with our professional network position us perfectly to source the right investment opportunities for you.

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