Property Times

UK Industrial : prime availability continues to be tested - Q1 2013

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After a very active Q4, the industrial market achieved a take-up total of 5 million sq ft in Q1, which was 55% of the previous quarter’s take-up and the lowest level since Q1 2009. However, the rest of 2013 looks brighter with most regions reporting a healthy occupier demand.

Grade A accounted for 44% of the total take-up, which remains resilient despite the lack of prime availability. Build-to-suit deals are still expected to dominate grade A take-up throughout 2013, despite a slow quarter for this type of deal.

Industrial rental growth forecasts average 1.3% per annum until 2017. The growth is expected to be driven by the tight supply of good quality space and the release of pent up demand, causing the balance of power to swing back to the landlord after five years of near stagnation.

Investment volumes totalled £555.7 million in Q1, which continues along the trend of being under the 10 year average seen through most of 2012. Domestic investment in Q1 has returned to the normal level of 80%, an 8% increase on the previous quarter’s percentage.

Source : DTZ (Groupe UGL)

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Mots-clés : DTZ

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