The world’s leading global real estate advisor and investment firm, CBRE, has revealed figures showing the total take-up achieved within the UK logistics market in 2019.
According to CBRE’s findings in their UK Logistics Market Summary Q4 2019, the UK’s logistics market achieved a total take-up of 25.38m.
Figures from the report show a strong level of take-up that performed above the ten-year average, yet still fell 20% below demand levels in 2018.
Tasos Vezyridis, Senior Director, Research at CBRE, commented: “The Industrial and Logistics sector continues to outperform all other sectors. Robust occupational market fundamentals ensured that Industrial and Logistics ended the year strongly, with the big box logistics pipeline remaining very active alongside a substantial amount of space under offer across the sector as we head into 2020.”
In 2019 there was a total of 92 deals across the UK with third-party logistics providers representing 22.7% of the total take-up. Online retailers and the Motor industry completed the top three, constituting 22.1% and 18.3% of total Logistics take-up, respectively.
CBRE’s data shows that the South East and East Midlands represented 62% of the UK’s total take-up last year.