We are pleased to announce the release of our bi-annual market report focussing on the North West Industrial and Logistics Market.
H1 2015 highlights include:
- Total volumes during H1 2015 stood at £295m (27 deals), a 28% increase compared to £230m transacted in H1 2014, and a 29% decrease compared to £410m transacted in H2 2014.
- Yield compression and strong demand for prime distribution is helping to significantly compress yields for more secondary distribution which are now at or better than 7%. Yields on prime distribution units (15 year assured term) are now at circa 5%.
- There has been just over 3m sq ft take-up of units over 100,000 sq ft (9 transactions) in the industrial/logistics sector during H1 of 2015. We expect the total take-up for 2015 to be around 4.0m – 4.5m sq ft which would be similar to 2014 levels.
- H1 has seen increased activity of speculative development of units over 100,000 sq ft in the North West. There are currently 10 new buildings either under construction or with funding agreements signed that would provide close to 1.66m sq ft of “big sheds” stock into the market.
For a copy of our full market report please click here