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The numbers speak for themselves. By the end of Q3, the levels of capital deployed into the UK industrial and logistics market surpassed £10.8bn, beating the £10.2bn spent in the whole of 2020, according to data from Savills. Take-up for the year to date stands at just over 42m sq ft and the expectation is that we will surpass the record 50m sq ft transacted in 2020. Average vacancy rates across the UK stand at just 3.3%, quoting rents have risen by as much as 15% in some key locations and prime yields now stand at 3.25%.
Published: January 2022
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