JLL's latest 'Big Box Industrial & Logistics Market Update' shows that occupier demand in the second half of 2015 was marginally up on the first half of the year; however, overall take-up in 2015 was down on 2014, but remained 8% above the five-year annual average (2011-2015).
The report also reveals:
- Grade A availability rose over the course of 2015 following a pick-up in speculative development
- Retailers were the most active source of demand in 2015
- Further rental growth is expected this year
- The investment market remains strong with downward pressure on yields
Please follow the link below to download a copy of the report.