Q4 MARKETBEAT LI 2022
MAR K E T B E AT
Industrial Q4 2022 UNITED KINGDOM
MARKET STATISTICS
Availability (sq ft)
Grade A (sq ft)
Spec Grade A U/C (sq ft) Current Quarter Take-up (sq ft)
YTD Take-up (sq ft)
Prime Rent (£ / sq ft)
Prime Equivalent Yield
2,467,640
1,640,519
589,115
166,173
717,794
27.5
4.45%
London
9,094,592
6,514,698
1,905,187
2,473,802
9,493,821
22.5
4.80%
South East & East
8,393,605
5,054,046
2,063,574
1,361,508
8,147,147
8.25
4.80%
North West
7,436,724
4,916,739
1,810,078
903,449
8,847,801
10
4.95%
West Midlands
8,613,384
7,540,066
4,519,548
1,962,581
9,157,300
9
4.95%
East Midlands
4,774,794
3,686,665
2,073,587
1,396,783
7,092,581
8.25
5.10%
Yorks & Humberside
5,351,508
3,331,976
2,549,081
341,465
5,523,063
8.5
5.10%
South West
3,168,260
1,074,251
816,411
571,563
1,966,001
7.25
6.30%
North East
4,268,364
212,582
212,582
785,047
2,125,588
6.75
6.55%
Wales
2,274,682
398,161
-
258,143
1,456,190
7
6.55%
Scotland
55,843,553
34,369,703
16,539,163
10,220,514
54,527,286
10.65**
4.45%
Total
* Unweighted average for the 71 submarkets tracked by C&W
KEY LEASING/OWNER-OCCUPIER TRANSACTIONS Q4 2022
Property/Business Park
Sub Market
Tenant
SQFT
TYPE
Gateway 14, Stowmarket, Suffolk
East
The Range
1,200,000
BTS
Panattoni 630, Rotherham
Yorks & Humber
Alliance Automotive
630,000
BTS
Former Bison Concrete Premises, Mulberry BP
East Midlands
The Pallet Network
610,000
Pre-Let
Connect 6, Farington Park, Preston
North West
Victorian Plumbing
544,000
BTS
Ark, Trafford Park
North West
Supreme Imports
245,000
Existing
KEY INVESTMENT TRANSACTIONS Q4 2022
Property Name
Region
Seller/Buyer
Size (sq ft)
Price
Edward Bavister Associate +44 (0) 7721 671 121 / edward.bavister@cushwake.com
Thames Gateway Park, Dagenham
South East
Abrdn/ICG
£99,000,000
395,288
Redditch Gateway South, Redditch
East Midlands
Stoford/Blackbrook Capital
£62,551,160
446,794
South
Abrdn/Aviva
£46,500,000
Unit 24, Sutton Business Park
210,000
A CUSHMAN & WAKEFIELD RESEARCH PUBLICATION
©2022 Cushman & Wakefield. All rights reserved. The information contained within this report is gathered from multiple sources believed to be reliable. The information may contain errors or omissions and is presented without any warranty or representations as to its accuracy.
Super W, J20A, Warrington
Yorks & Humber
BA Pension Fund/Leftfield Capital
246,136
£32,100,000
cushmanwakefield.com
Source: Cushman & Wakefield Research, RCA
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