Industrial take-up tumbles

JLL remains in the top spot, despite falling take-up figures across the industrial sector. Nadia Elghamry reports JLL has clung on to its top position in the industrial agents league table – but saw the space it found for tenants tumble. The national giant secured an 11% market share in H1 but transacted 16% less space to 5.8m sq ft, compared with the same period last year. SEE ALSO: H1 2016 Regional Industrial League Tables Nationally the market also fell by 16% in the first half of the year, landing 54.4m sq ft of deals – some way off 2015’s level of 65m sq ft. The North West was worst hit, seeing take-up fall by nearly half, closely followed by Wales at 40%. There were some winners, with Yorkshire and Humberside and Northern Ireland showing sharp increases. The biggest deal recorded in H1 was a 1.2m sq ft transaction for retailer The Range at Bristol’s Central Park, disposed by Bilfinger GVA and Knight Frank. Top 10 winners (disposed), H1 2016 1 JLL 5,806,000 sq ft 2 CBRE 5,289,000 sq ft 3 Knight Frank 5,080,000 sq ft 4 Lambert Smith Hampton 4,906,000 sq ft 5 Cushman & Wakefield 3,867,000 sq ft 6 North Rae Sanders – Now trading as Avison Young 3,860,000 sq ft 7 Bilfinger GVA 3,125,000 sq ft 8 Colliers International 2,820,000 sq ft 9 Dowley Turner Real Estate 2,358,000 sq ft 10 Harris Lamb 1,881,000 sq ft • To send feedback, e-mail nadia.elghamry@estatesgazette.com or tweet @NadiaElghamry or @estatesgazette