■ This can be attributed to the fact the businesses are taking longer to commit to capital intensive projects, potentially driven by the current uncertainty around our future trading relations with the EU.

■ The supply of warehousing in the UK currently stands at 28.63m sq ft, giving a vacancy rate of 6%. We are tracking 4.4m sq ft of space through the development pipeline which will be added to our supply statistics in 2018.

■ The sector remains attractive to investors from across the globe. £3.7bn has been invested in logistics warehouses in 2017 making it the second strongest year on record with overseas investors accounting for a quarter of purchasers. The wider industrial sector accounted for 17% of all investment in commercial property, a record high.

^{Main image: Altitude Milton Keynes where a unit of 574,000 sq ft is being developed by Gazeley and due to complete in the first quarter of 2018}