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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