Download our latest Market Report – January 2023

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

  • Approximately £900M of North West industrial investments transacted in 2022 – ahead of the 5 year average, but down 31% on the record £1.30BN transacted in 2021.
  • Significant shift in investor demand throughout H2, fuelled by dramatically rising interesting rates, inflationary pressures and concerns over the wider economy.
  • Lack of investment supply in H2, driven by a lack of vendor distress and a disparity between seller and purchaser expectations.
  • Majority of speculative funding opportunities no longer viable due to rising build costs, finance costs and yields moving outwards.
  • Occupational take up in 2022 recorded at 6.06M sq ft, a 20% increase on the 5 year North West average, but heavily weighted towards H1 2022.
  • Availability of ‘Big Box’ new supply is likely to remain constrained with some new build developments likely to be put on hold due to funding viability.
  • Prime ‘Big Box’ rents are now £7.75 per sq ft - £8.00 per sq ft which we expect to increase heading into 2023.
  • 2022 saw occupier demand for new build mid-box / MLI units outstrip 2021 take-up, largely driven by an increase in smaller multi-let development.
  • Land values have dramatically changed over the last 12 months, with prime sites now believed to be down to c.£1.00M per acre.

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


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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