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Big Shed Briefing Q4 2013


Anbieter: Savills

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  • Erscheinungsweise: Quartalsweise
  • Berichtszeitraum: 3. Quartal 2013
  • Erscheinungsdatum : 01.10.2013
  • Seiten : 4 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 840,46 kB
  • Sprache(n) : Englisch

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  • It has been a positive 2013 so far in the big shed logistics market.Take-up has totalled 13.1m sq ft and we expect year end take-up to outperform the 5 year average, topping 20m sq ft.
  • The North West and South East have been the best performers accounting for just over 50% of space transacted this year.
  • There has also been a considerable up-turn in occupiers opting for D&B solutions.
  • The proportion of D&B has increased significantly, with a 55% increase in D&B year-on-year. We anticipate seeing a further 10-15% increase in D&B this year with c.8m sq ft by the end of 2013.
  • This in turn has led to the return of the first speculative developments since the downturn.
  • IM Properties began on-site at Birch Coppice to provide 334,500 sq ft in two units. Lancashire County Developments at Lancashire Business Park are developing two adjoining sheds of 166,000 sq ft and Prologis have also announced they will spec build 310,000 sq ft at Dunstable and 225,000 sq ft at Ryton.
  • Demand is being driven by the value retailers, such as The Range, TJ Morris and Aldi, whilst internet retailers and the large supermarkets are redefining their supply chains.
  • Investment wise, strong demand has driven yield compression of up to 100 bps and we expect further downward pressure on yields through the remainder of 2013.

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