■ The latest indicators from the Savills ProgrammE and Cost Sentiment Survey (S.P.E.C.S) demonstrate that build costs and programme delivery time scales have stabilised into 2017.

■ Indeed, in the aftermath of the EU referendum and the decrease in the value of sterling build and fit out costs increased. However, given that construction inflation has reached a level, and the velocity of development has fallen from record volumes we are seeing build costs and programmes remaining competitive.

■ Combined, these factors could be considered a good time to tender for further speculative development in the industrial and logistics sector.

^{Source: Savills Research SPECS}