We are pleased to announce our bi-annual market report focussing on the North West industrial and logistics market
- Approximately £463M of North West industrial investments were transacted in H1 2026 – a 13% decrease on the £532M transacted in H1 2025.
- Despite an optimistic start to the year, investors became increasingly cautious as the year progressed, particularly in the wake of the potential economic impacts of the US/Iran conflict.
- Value add opportunities continued to dominate investor demand, with core / dry requirements limited.
- There remains a lack of distress amongst vendors, creating a divergence between purchaser and seller pricing expectations.
- Speculative funding opportunities remained challenging, albeit the yield spread against existing stock is starting to look attractive to some investors (c.150 – 200 bps).
- H1 2026 big box take-up totalled 1.32M sq ft across 7 transactions, down from 1.56M sq ft (12 transactions) in H1 2025. Of the 7 big box transactions, B8RE advised on 5.
- Big box supply stood at approximately 6.54M sq ft, broadly stable against the 6.55M sq ft recorded at the end of 2025.
- Only 1.20M sq ft of big box space being built out across the region (7 schemes), with no speculative units over 300K sq ft currently under construction.
- New build MLI take-up had a strong start to 2026, with H1 volumes reaching 506K sq ft (23 transactions), over three times the 158K sq ft recorded in H1 2025.
- Record headline new build rents continued to be achieved, with £18.00 per sq ft reached at both Ashbrook Approach, Heald Green (3,871 sq ft) and Bridgewater Point, Trafford Park (5,394 sq ft).
To read more on these trends and hear from our experts download our latest biannual market report
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