2014 was an outstanding year for investors as supply failed to catch up with occupier demand, take-up hit a record high of over 3,000,000 sq ft and market inertia led to rental growth and shrinking incentives.
In 2015, significant speculative development is scheduled to start, occupier demand will continue to outstrip supply going forward and there will be an increase in rents on both prime and secondary units.
Inside this report:
For more information, please contact:
Adrian Whitfield, Director - Industrial and Logistics Agency
Robin Dickens, Director - Industrial and Logistics Agency
Jerry Vigus, Director - Capital Markets, Business Space and Logistics
Download full report here