"Moving into 2026, we anticipate core buyers slowly returning to the market, with continued investor sentiment shifting from single let to multi-let (MLI) assets."

"The logistics market has passed its toughest phase, but weak economic growth limits upsizing. Rental growth should stay modest at 2.7% in 2026, with supply moderation and structural trends paving the way for more landlord-friendly conditions later in the decade."

"High-quality Grade A space accounts for 73% of available supply."

"2025 take-up is 47% higher than the pre-pandemic, long-term average (2007–2019)."

"Of the 2.05 million sq ft available, 52% is poor-quality Grade C space, restricting occupier options."

"Addition of one unit alone rises supply 179% quarter-on-quarter"

"Build-to-suit transactions have fallen to their lowest level since 2013; however, promising BTS requirements alongside ongoing discussions point to an uptick in take-up in the rest of 2025"

"Robust take-up fails to dent national supply picture"

"Vacancy rate falls to 5.71%, the lowest level since Q1 2023"

"Occupiers taking stock"