Take-up for first half of 2025 rises 13% when compared with second half of 2024

2025 has seen a rise in take-up reaching 14.7m sq ft, but supply and vacancy continue to rise at a nationwide level.

There are many bright spots in the data, including a rise in take-up for existing units and falling vacancy in a number of regions. However, a stuttering start to 2025 has seen investment volumes fall.

Moving into the second half of 2025, we expect stronger levels of take-up as meaningful discussions continue around sizeable build-to-suit deals.