"According to Savills Industrial & Logistics Requirements Index, the industrial & logistics market has seen a marked improvement in occupier demand in Q2 2024."

"Demand rises in first half of the year as take-up of existing units set to drive a fall in vacancy into 2025"

"93% of space transacted in H1 2024 has been Grade A quality"

"Speculative completions and growth in second-hand space increase supply by 26%, yet BTS transactions rise 108% on levels seen in H1 2023"

"The region is well positioned for future rental growth, with just 1.16 years’ worth of supply available based on the five-year annual average take-up"

"Supply falls from peak of 6.56m sq ft in recent months as deals complete"

"Vacancy rate remains low at 6.37%; 1.14 years’ worth of supply left"

"Take-up has already surpassed long-term annual average by 27%"

"Vacancy rate at 7.05%; 28% of supply is within one large unit"

"Vacancy rate falls to 4.28%; forecast to drop to 3.92% by Q4 2024"