Savills UK | Big Shed Briefing

 

Modest rise in take-up for 2024 along with a continued rise in supply


2024 has seen a modest rise in take-up to just shy of 28m sq ft but a continued rise in supply and vacancy at a nationwide level.

There are many bright spots in the data however including a rise in take-up for speculatively constructed units, a number of regions starting to see vacancy falls and a strong Q4 has seen investment volumes rise by 12%.

Moving into 2025 we expect stronger levels of take-up as our requirements index has risen by 11% in the last quarter of the year.

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