Large and mega-sheds took 36% of all take-up for last year, a jump from 27% in the previous year and a five-year high.
Take-up for the year to the end of June reached 94m sq ft, down 2%, as the sector becomes more constrained in terms of available space.
This squeeze has pushed weighted rents upwards over the past 12 months, the average across the UK rising 4.5% to £4.96 per sq ft.
Retail continues its seismic contribution to the industrial sector by commanding almost half of all transacted space.
The South East has again commanded the lion’s share of take-up, reaching 20% of all the transactions in the past year.
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