We’re pleased to share our Market Pulse 2023 report. This newly created paper provides an overview of the UK economy, national occupier and investment activity in the industrial and logistics sector, as well as a detailed regional occupier market analysis.
Some of our predictions:
- Take-up in 2023 is forecasted to drop further to around 30m sq ft due to occupier cost pressures and depressed retail spending
- Supply remains low, but it is expected to increase in 2023
- We are forecasting an average UK rental growth of 3.7% for 2023, with the industrial sector outperforming any other commercial real estate sector until 2027
- In January 2023 the investment market clearly showed that it is about to bottom out with a monthly negative capital growth of c.1%.