logo redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading collection external-link2 internal-link share-link icon-close2
United Kingdom
  • Global
  • United States
  • Angola
  • Argentina
  • Australia
  • Austria
  • Bahrain
  • Baltics
  • Belgium
  • Brazil
  • Bulgaria
  • Cambodia
  • Canada
  • Chile
  • Colombia
  • Czech Republic
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Greece
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Jordan
  • Kazakhstan
  • Kenya
  • Korea
  • Kuwait
  • Latin America
  • Luxembourg
  • Mainland China
  • Malaysia
  • Mexico
  • Morocco
  • Netherlands
  • New Zealand
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Russia
  • Saudi Arabia
  • Singapore
  • Slovakia
  • South Eastern Europe
  • Spain
  • Sweden
  • Switzerland
  • Taiwan
  • Thailand
  • Turkey
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Venezuela
  • Vietnam
  • Services
    • Business Lines
      • Advisory and Transaction Services
      • Development
      • Property Management
      • Building Consultancy
      • Global Workplace Solutions
      • Valuation and Advisory
      • Capital Markets
      • Investment Management: CBRE Global Investors
    • Services for Investors and Developers
      • Building Surveying
      • Capital Allowances
      • Cost Management
      • Development Management
      • Environmental Consultancy
      • Health and Safety
      • Investment Properties
      • Private Office
      • Residential Investment
      • Valuation and Advisory
      • Business Rates
      • Compulsory Purchase
      • Debt Advisory
      • Development Transactions
      • Facade Consultancy
      • Investment Advisory
      • Loan Services
      • Property Management
      • Strategic Projects
      • Capital Advisors
      • Corporate Finance
      • Development Consultancy
      • Engineering Consultancy
      • Geomatics
      • Investor Leasing
      • Planning
      • Reinstatement Cost Assessments
      • Project Management
    • Services for Occupiers
      • Building Surveying
      • Compulsory Purchase
      • Development Monitoring
      • Environmental Consultancy
      • Flexible Workspace
      • Lease Accounting Standards
      • Portfolio and Location Advisory
      • Reinstatement Cost Assessments
      • Valuation and Advisory
      • Business Rates
      • Corporate Capital Markets
      • Energy and Sustainability
      • Facade Consultancy
      • Geomatics
      • Lease Consultancy
      • Portfolio Services
      • Supply Chain
      • Workplace
      • Capital Allowances
      • Cost Management
      • Engineering Consultancy
      • Facilities Management
      • Health and Safety
      • Occupier Transactions
      • Project Management
      • Transaction Management
    • Asset Types & Specialties
      • Affordable Housing
      • Flexible Offices
      • Industrial and Logistics
      • Leisure
      • Office
      • Residential
      • Co-Living
      • Healthcare
      • Laboratories
      • Mixed Used and Portfolios
      • Operational Real Estate
      • Retail
      • Data Centre Solutions
      • Hotels
      • Land
      • Multifamily
      • Pubs
      • Student Accommodation
    • Industry Sectors
      • Aviation
      • Financial Services
      • Industrial and Logistics
      • Life Sciences
      • Tech, Media and Telecoms
      • Data Centre Solutions
      • Government and Public Sector
      • Laboratories
      • Petroleum and Automotive
      • Energy and Sustainability
      • Healthcare
      • Land
      • Sector Insights
  • Properties
  • Research & Reports
    • UK Real Estate Market Outlook 2021
      Brexit
      Research Blog
      About CBRE Research
      Global Research Gateway Support
  • People & Offices
  • About CBRE
    • Careers
      Case Studies
      Corporate Information
      Corporate Responsibility
      Diversity and Inclusion
      Graduates
      HH Reimagined
      Investor Relations
      Media Centre
      Our Policies
      UK Coverage

Global Research Gateway

  • Home
  • report-download
  • Email
  • Share
  • Tweet
  • Share
Featured
Related

United Kingdom Logistics Market Snapshot, H1 2018

  • Take-up for the first half of 2018, at 17.4M sq ft in 51 deals, exceeded the whole of 2017 and represents around 60% of the record year of 2016. Q1 2018, which saw 28 deals totalling 10.6M sq ft, was the highest take-up on record.
  • 68% of take-up was for design & build pre-let warehouses, 24% for existing built stock and 8% for speculative development.
  • In H1 2018, the star performer was the East Midlands which at 6.92M sq ft in 14 deals equates to some 39.8% of the UK’s overall take-up.  This is an increase in the East Midlands of 336% on H1 2017 and 111% on H1 2016.  The South East was again robust with 3.6M sq ft (13 deals) followed closely by Yorkshire & North East (7 deals) at 3.26M sq ft.  After a quiet Q1, the North West bounced back with 1.31M sq ft of take-up (6 deals) in Q2.
  • In respect of size bands the majority of the buildings transacted fell in the 100,000 sq ft to 199,999 sq ft banding (49% by count/20.7% by floor area).  There were 8 deals in both the 200,000 sq ft to 299,999 sq ft  and 300,000 sq ft to 399,999 sq ft size bands, 1 deal in the 400,000 sq ft to 499,999 sq ft bracket and 9 deals above 500,000 sq ft.  The average eaves height was 12.94 metres and 28% of the take-up was to existing or ‘under construction’ buildings that are cross-docked.  18 of the 51 deals are in respect of buildings that are currently under construction and exchange of contracts has taken place.
  • There is currently 19.89M sq ft of Grade A stock available (representing 14 months’ supply based on the 5 year average take-up).  This includes 11.7M sq ft of speculative development in 43 schemes currently under construction.  This compares to 19 months’ availability of second hand stock (11.53M sq ft).  Second hand availability has appreciably fallen over the past few months.
  • In terms of sector representation some 32% of take-up was to the online retailers (defined as those retailers with no physical store presence), 21% to the 3PLs, 14% to the traditional retailers and 7% in respect of post & parcels.
  • With regard to pre-let design & build warehouses there are currently 26 buildings under construction with an aggregate floor area of 11.7M sq ft (average size of 450,000 sq ft).  Unsurprisingly the majority of new build is taking place in the East Midlands and South East.  

  • Home
  • About Us
  • Services
  • CBRE Slavery and Human Trafficking Statement
  • Properties
  • Research
  • Media Centre
  • Investor Relations
  • Contact Us
  • Site Map
  • Privacy Policy
  • Terms of Use
  • Careers
  • Our Response to Schrems II
  • Instagram
  • Twitter
  • LinkedIn

Download Limit

You have reached your report download limit for today. Please return later to access further reports. If you believe this is incorrect please contact [email protected]

Email Gateway Support