Falling national take-up meant a fight for the top spot in EG’s industrial league tables in H1 2016. But while the Midlands emerged as a shed hot spot others were not as lucky. Here is our region by region breakdown of the winners and the losers.
SEE ALSO: Industrial take-up tumbles
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Avison Young’s acquisition of North Rae Sanders back in January has fired it up the East Midlands league table. In total it transacted more than 1.8m sq ft of industrial space during H1 this year, the second largest amount of space shifted within any single region of the UK.
This is an increase on the 1.7m sq ft shifted by previous leader LSH in H2 of 2015, which only managed fourth this time round. CBRE also fell from second to third with new entrants Dowley Turner in at second. Previous placers Knight Frank and Innes England fell out of the top five altogether for H1.
And it is a similar story in the East of England with newcomers Avison Young wrestling control away from an area traditionally held by the likes of Savills and LSH– AY really look to be stamping its mark on the industrial market across the eastern region of England.
Having said that, this region as a whole has seen huge falls in the amount of space transacted in comparison to the previous half. Savills drops a place from first to second having transacted just under 230,000 sq ft this half in comparison to almost 800,000 sq ft in H2 2015.
Regional agents Barker Storey Matthews, Bidwells and Roche complete the rest of the table with all continuing the regional trend of significant falls in space shifted in H1. Cushman & Wakefield have failed to place this half.
JLL has climbed from second in the previous half to take the top spot this half, having transacted just over 1.2m sq ft, a fall of 500,000 sq ft compared to H2 2015.
Previous winner LSH fell to third having seen 700,000 less sq ft go through this half with CBRE, Glenny & Cushman making up the remainder of the top five. Big falls in space transacted in this region this half which also saw Savills drop out the top five altogether.
New entrants Cushman & Wakefield has stormed to the top of the industrial league table for the North East with almost 500,000 sq ft transacted during H1 having not featured at all during 2015 and almost doubling sq ft it transacted in H2 last year.
Knight Frank climb to second from fourth in the last half and previous top-spotters Sanderson Weatherall take third. This is another example of a region were takeup is slowing with no place for Connect Property North East this time round.
B8 Real Estate has seen a meteoric climb in industrial space transacted this half, more than doubling the amount of stock transacted in comparison to H2 2015 from 640,000 sq ft up to over 1.3m sq ft. B8 appear to be the only significant climbers with the amount of space shifted down across the board for other agents in the area. Bilfinger GVA, WHR, Colliers and CBRE all climb into the top five having not featured at all in H2 last year with JLL, Savills, LSH and Davies Harrison dropped out.
LSH comfortably held onto the top spot this half despite seeing a drop off in industrial space transacted during H1 to the tune of 200,000 sq ft compared to H2 2015.
The gap from first to second has closed however – last time out LSH sat 440,000 sq ft ahead of second placed Best Property Services, however Lisney has now closed that gap to just 110,000 sq ft having transacted 211,000 sq ft this half having not featured in the top five at all last time out.
Osborne King drops from third to fourth with McConnell CS and TDK CPC making up the rest of the top five at the expense of the CBRE and CPS Property.
A bumper year for Ryden saw it double space transacted in H1 this year compared to H2 last year jumping from 733,000 sq ft to more than 1.4m sq ft, further establishing it as the leading industrial agent in Scotland.
A climb too for JLL saw it double space transacted half-on-half up to over 660,00 sq ft. Colliers slip from second to third having transacted a similar amount half-on-half with GVA James Barr and Savills making up the rest of the top five at the expense of Graham & Sibbald and LSH.
In a region that has seen extensive gains over the past half, Knight Frank has risen to the summit of the South West industrial league table having acted on almost 1.3m sq ft of space in H1, a vast increase on the 250,000 sq ft seen in H2 2015.
Bilfinger GVA ran them a close second despite not featuring in the top five at all previously. Alder King drop from first to third despite not shifting far off what was transacted the previous half and Cushman Wakefield and JLL swap places into fourth and fifth respectively.
Savills drops out of the top five.
A strong half from Jenkins Best sees it enter the top five, having failed to feature previously. In total it racked up over 500,00 sq ft in H1. JLL and Knight Frank drop a position each to second and third respectively having each transacted around 250,000 sq ft less than in H2 last year. Cushman & Wakefield drop out altogether.
JLL has stormed to the top of the West Midlands industrial league table for H1 having acted on over 2m sq ft of industrial space – the largest amount of space within any single region of the UK.
Harris Lamb drops from first last time out to second in this league table, despite having transacted more than 300,000 sq ft of space more than H2 201.
The remainder of the top five is made up by newcomers with Avison Young again making an appearance, Gerald Eve and Lambert Smith Hampton with Cushman & Wakefield, Bulleys and Halls Commercial all dropping out.
Along with the East, the West has made the Midlands as a whole a real hotbed for industrial activity so far this year.
Knight Frank has almost tripled their industrial activity in Yorkshire in H1 in comparison to the previous half .
Its top spot in Yorkshire was at the expense of CBRE which, despite transacting a similar amount of space to H2, fall into second.
JLL maintains its position at third having acted on 200,000 sq ft more than the previous half with Cushman & Wakefield and Michael Steel making up the remainder of the top five at the expense of Carter Towler and Gent Visick.
