SHD Logistics is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Western London and Thames Valley logistics property scene tighter than ever

Western London and Thames Valley logistics property scene tighter than ever

A modest uptick in demand, but a continued sharp fall in the supply of new warehouse floorspace, make the Western London and Thames Valley logistics scene tighter than ever.

That’s the message from JLL’s latest Western Corridor research report which shows 2.1m sq ft was taken up in the Western Corridor in the first half of 2017, 3% up on the half-year average over the past 15 years.

Over the same period the supply of Grade A new-build floorspace fell by 18 per cent to 2.2m sq ft. Total available supply was slightly up at 7.8m sq ft, reflecting second hand space returning to the market.

At August 2017 there were 11 schemes speculatively under construction totalling 632,000 sq ft.

JLL says headline rents moved up in Park Royal, Reading, Bracknell and High Wycombe.

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish