As ever, developers were the most optimistic of the respondents, with 63% saying conditions were more favourable than they were twelve months ago. This optimism is also reflected in their intentions to speculatively develop stock next year, with 32% planning to develop more stock and 52% planning to develop the same amount. Notably, this broadly aligns with investor intentions to finance speculative development (57%).

Responding to occupier requirements, power availability remains the most important factor for developers when considering future logistics development, unchanged from last year. Supply-side barriers to development continue to be construction costs and the length of the planning process – issues that have been in play for some time.

_{Read the articles within Future Space Report 2025 report below}