Access our interactive rents maps showing the change of prime rents, secondary rents and land values across more than 90 locations in the UK.
These maps relate industrial & logistics property and assets such as warehouses and distribution centres.
Key findings:
- Average land value growth in the UK rose marginally to +3.6% (£2.8 million an acre) over the past six months as investors remain wary of capital values softening.
- Land value growth is set to fall over the next few months as the market adjusts to a new financial environment.
- Due to the tight supply/demand imbalance, the average prime rent for large distribution warehouses (100,000 sq ft +) in the UK rose by 6.8% (six-monthly growth) and 14.9% (year-on-year) to £10.0 per sq ft.
- Similarly, the average prime rent for smaller and multi-let units in the UK reached £13.20 per sq ft, up 8.4% (six-monthly growth) and 15.5% (year-on-year).
- Prime rents for London industrial assets recorded a 7.2% six-monthly increase and a 21.6% annual growth on average.
- Looking ahead, for the remainder of 2022 we envisage large occupiers to remain relatively acquisitive while SMEs will struggle more due to strong inflationary pressures and the high possibility of a recession on the horizon.
- Rents will continue to rise over the second half of the year due to the record low supply of logistics units.
