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UK Logistics & Industrial Outlook

Edward Bavister • 22/10/2024
The UK Logistics & Industrial National Outlook report analyses quarterly UK industrial and logistics property activity across the UK including demand, market supply and pricing trends with an outlook to future trends in this property sector. 

Q3 2024 Key Findings:

  • Demand for Logistics & Industrial property fell to 6.2m sq ft during Q3, taking 2024 take-up to 26.3m sq ft, 15% ahead of 2023. 
  • Although recovery stalled during the quarter, demand from key occupier groups such as manufacturing, retail and 3PLs remains robust, accounting for over 60% of total demand.
  • Availability increased for the first time during 2024 to 64.2m sq ft a modest increase of 1.64% driven predominantly by a rise in existing Grade B space coming back to market.
  • The development pipeline continues to contract, with new starts falling to 2.2m sq ft, down from 2.6m sq ft during Q2 2024.
  • Investment volumes remain muted totalling £1.4bn during Q3 2024 and taking YTD volumes to £4.5bn, 13% behind the volume recorded at this point in 2023.

Key Contacts

Richard Evans (London, UK)
Richard Evans

International Partner
London, United Kingdom


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Edward Cornwell - London
Edward Cornwell

International Partner
London, United Kingdom


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Timothy Stuart Crighton - London
Tim Crighton

Head of Logistics & Industrial UK & EMEA
London, United Kingdom


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Christopher Jones
Christopher Jones

Partner
London, United Kingdom


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Sally Bruer
Sally Bruer

Head of EMEA Logistics & Industrial and Retail Research
London, United Kingdom


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Available
For Sale • Other
8121 Melton Road

8121 Melton Road
Gary, IN 46403
United States

Sale Price: $10,500,000 USD

Available
For Sale • Warehouse/Distribution
100 Liberty Drive

100 Liberty Drive
Trinidad, CO 81082
United States

Sale Price: $7,002,875 USD

Available
For Sale • Land
7 Commercial Acres

Keats Ave N & Hudson Blvd N
Lake Elmo, MN 55042
United States

Sale Price: Contact us for pricing

Available
For Sale • Office
1140 38th Ave

1140 38th Ave
Greeley, CO 80634
United States

Sale Price: $1,080,000 USD

Available
For Sale • Warehouse/Distribution
Buckingham Corporate Centre

8291 92 Street, #202
Delta, BC V4G 0A4
Canada

Sale Price: $3,896,000 CAD

Multiple Spaces
For Lease • Warehouse/Distribution
Brooklyn Logistics Center 1

450 Johnson Avenue
Brooklyn, NY 11237
United States

Rental Price: Contact us for pricing

Available
For Lease • Warehouse/Distribution
8705 Rosemary Street

8705 Rosemary Street
Commerce City, Col 80022
United States

Rental Price: Contact us for pricing

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