Industrial rents in Cambridge are expected to rise more than 9% in 2017 as demand for the sector reaches new highs, according to research from Bidwells.
Total requirements for industrial assets hit 1.9m sq ft in the first half of the year – 15% above the same period last year and more than three times the requirements in the first six months of 2012.
However, take-up has been relatively muted at 120,700 sq ft – 27% below the 10-year average for six month leasing figures.
The sector was more reliant on poor second-hand stock than it has been over the past five years, with nearly three-quarters of all take-up coming from poor secondary space. Occupiers have shifted to secondary stock as availability of new stock dropped to zero in the second half of 2016, where it still stands.
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