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Prime Logistics: Q4 2022

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.

Manufacturers plug the demand gap left by internet retailers in Q4

The consumer recession forced several internet retailers, such as Amazon, ASOS and Gousto to cut costs and offload warehouses in Q4. The amount of sub let space on the market from these types of occupiers is set to increase further as the wider recession unfolds this year. This good quality space will be released into a market with strong fundamentals. Availability is very low and pent up demand from manufacturers is keeping demand above pre pandemic levels. We retain our positive outlook for rents, albeit at more ‘normal’ rates of growth than we’ve seen in the last few years.

Q4 2022 MARKET OVERVIEW

3.6% down statistic icon

Availability rate Q4 2022

New/modern availability rate Q4 2022

Prime rental growth Q3 2022

Outward prime yield shift in Q4 2022

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Prime Logistics team

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