Prime Logistics is an essential tool for any developer, investor or occupier interested in the market for logistics buildings over 50,000 sq ft in size across each of the UK’s 26 key distribution markets.
The pandemic boost to occupier demand and rental growth finally petered out in Q3. Some occupiers put acquisitions on hold, with internet retailers notably inactive as cash strapped consumers reined in spending. Meanwhile, significant uncertainty in the financial markets caused a sharp correction in investment pricing. The rental growth outlook is still positive, however. Supply is extremely low and likely to be kept in check by more expensive development finance and the outward yield shift.