Download our latest Market Report – January 2025

We are pleased to announce our bi-annual market report focussing on the North West industrial and logistics market

  • Approximately £1.03BN of North West industrial investments were transacted in 2024, broadly in line with the 5 year average (£1.08BN).
  • Demand was strongest for prime assets, particularly multi-lets, and those with short term ‘value add’ opportunities. Weakest for poorer quality assets and ‘dry income’ opportunities.
  • Supply remained restricted throughout 2024 albeit increased toward the end of 2024.
  • Pricing improved throughout 2024, aided by falling interest rates, but also the lack of supply causing competitive tension and in turn strong pricing.
  • Speculative funding opportunities remained extremely challenging, albeit most viable for good quality schemes with low land values.
  • The price gap between prime and secondary assets continued to grow throughout 2024.
  • H1 2024 Big Box take up totalled 3.22M sq ft an 18% uplift on the previous year but somewhat short of the peak in 2021.22 (6.00M sq ft).
  • Approximately 72% of total Big Box take up was either speculative new build or Grade A, double the previous year’s figures.
  • Prime Big Box rents are £9.50-£10.00 per sq ft, with a new record rent of £11.50 per sq ft achieved at year-end. Quoting rents are now £11.00+ per sq ft.
  • Multi-Let Industrial (MLI) demand remains very strong, with new build take up totalling 812,000 sq ft, marginally below the 5 year average.
  • New build MLI / Mid Box rents increased by 8% in 2024, which has allowed healthy rental growth for Grade A units, eclipsing new build of less than 2 years ago.

To read more on these trends and hear from our experts download our latest biannual market report

 

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Investment Properties

Investment Properties

We are market leaders in industrial investment in the North West, offering property investment consultancy to a range of clients, including institutions, property companies, overseas investors and high net worth individuals.

Our knowledge and direct agency experience of locations in the North of England combined with our professional network position us perfectly to source the right investment opportunities for you.

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