North West Industrial Market Report Update – January 2022

28 January 2022

North West Industrial Market Report Update – January 2022

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

2021 Highlights Include

  • Approximately £1.30BN of North West industrial investments transacted in 2021. A huge North West record and an 86% increase on the £695M transacted in 2020.
  • Unprecedented demand for all industrial submarkets, across a broad spectrum of investors.
  • Investor appetite for speculative funding continues to increase, albeit the increasing build costs present a potential hurdle.
  • Pricing remains very strong across all sub-sectors, with record yields being achieved.
  • 2021 was another record year for the North West industrial occupational market, with take up recorded at 6.2M sq ft, a 38% increase on the 5 year average.
  • 50% of all speculative ‘Big Box’ developments that PC’d in 2021 were let prior to completion.
  • Land values double over the last 12 months, now reaching in excess £2M per acre for super prime sites.
  • Record rents and demand in the SME / Multi-let market. Second hand refurbished unit rents are now eclipsing where new build rents were in 2020.

To read more on these highlights and hear from our experts download our latest Industrial Market Report Update – January 2022

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