Take-up – A record year at 31.495M sq ft. The East Midlands was the principal contributor followed by Yorks & NE, the South East and the North West. Online retail accounted for 32% of take-up.
Quality - Grade A warehouses accounted for circa 75% of take-up (62 buildings of 23.594M sq ft) and Second Hand some 25% (39 buildings of 7.902M sq ft).
Availability – Currently 28.35M sq ft available (less than 12 months supply based on 2018 take-up). Around 29% of that availability are buildings currently under construction in 37 projects. A significant demand/supply imbalance remains.
Under Offer – Currently 14 buildings under offer accounting for 3.11M sq ft. 63% of these by floor area are in the South East.
Under Construction – 65 warehouses currently being built. Of these, 37 are speculative with an average unit size of 223,000 sq ft: total 8.251M sq ft. The remainder are D&B committed units.