This region has excellent road links, particularly for access into London, and offers strategic entry points for the M25 and the Heathrow market. The M4, which runs through this region, further strengthens its offering as a logistics location and space along the M4 corridor, linking the South West and South East is favoured by occupiers.
This region has recorded below average availability rates for several years now, which when combined with its excellent transport infrastructure, particularly for access to London, will continue to prove attractive to occupiers and drive positive rental growth. Amazon’s recent commitment to a 2.3million sq ft facility at Panattoni Park, Swindon is evidence of occupier interest in the region as a strategic logistics location. We forecast an average 1.9% per year prime rental growth over the next 3 years in the region, as mid-box schemes in Bracknell, Swindon and Reading complete development and attract occupiers.