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We are pleased to announce our bi-annual market report focussing on the North West Industrial and Logistics Market.
2015 highlights include:
|•||Total value of NW industrial investment transactions during 2015 stood at £685m. This is the largest annual volume of transactions post-recession and was a 7% increase compared to the £640m transacted in 2014 and a 57% increase compared to the £435m transacted in 2013.|
|•||Following the trend of recent years, H2 2015 (£390m transacted) has outperformed H1 2015 (£295m transacted). This is largely attributed to an extremely strong year end, with 21% of the annual value of transactions (by value) completing in December alone.|
|•||Take-up in the industrial/logistics sector for units over 100,000 sq ft was 4.25M sq ft across 15 transactions in 2015, which is slightly down on the 2014 take-up of 4.5M sq ft. There are however several large transactions expected to be announced in early 2016 that would increase the figures to match 2014 take-up levels.|
|•||During 2015 there were 15 new speculative units of 90,000+ sq ft committed to be built or on-site and one building completed but still available. This provides in total just over 3M sq ft of new floor space to the market. There is encouraging occupier interest in a number of these schemes which will establish new rental levels for the region.|
For a copy of our full market report please click here