What’s next for the Yorkshire industrial market?
"As we move further into the latter half of the year, there is no secret that take up of industrial space across most of the UK has taken a dip."
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"As we move further into the latter half of the year, there is no secret that take up of industrial space across most of the UK has taken a dip."
"The semiconductor shortage, aka 'chip shortage', experienced in 2021 and 2022 has been primarily attributed to a combination of factors that disrupted the global supply chain and increased demand for semiconductors"
"The pandemic put the importance of a stable supply of semiconductors to modern economies in stark relief. Additionally, as geo-political tensions have risen and threatened global supply chains, most developed economies have introduced policies aiming to bolster their domestic semiconductor production"
"The link between manufacturing activity and demand in the industrial and logistics market is well-explored and self-evident. As long-term demand for manufactured goods rises, manufacturing occupiers will expand their real estate footprints to increase capacity"
"It is challenging to give an accurate estimate of the occupational footprint of the industry in terms of logistics..."
"In conclusion, the potential growth of the semiconductor sector could become a not-insubstantial tailwind for the logistics real estate market and broader economy"
"We are in a strong occupier market, with low vacancy rates and rental growth at a moderate pace. The market is preparing to come back stronger in a more stable and sustainable way once there is more clarity on prices and prime rates."
"Vacancy at 6.25%, sheltered by a diminishing speculative pipeline"
"New build take-up accounted for 81% of the market as operational efficiencies and ESG increase in importance"
"Vacancy rate at 6.99%, yet still just 0.83 years’ of supply given past take-up"