The Yorkshire industrial market is showing no signs of slowing. 2015 has seen the take up of the last remaining speculative units constructed in pre-recession era. Led by the e-fulfilment, parcel distribution and manufacturing sectors, occupier demand is continuing to improve in the region and we have recorded rental growth for the first time since the last cycle which is fuelling speculative development.
Due to a supply & demand imbalance in the region, deals in H2 2015 are consisting of reduced incentives and higher rental packages. As such a re-education of market expectations is necessary for occupiers searching for new premises, once this occurs take up statistics could potentially reach record levels in 2016 with the help of oven-ready pipeline development sites such as our flagship Knight Frank instruction at Logic Leeds, 110 acre site at J45 M1 (http://logicleeds.co.uk/).
Mid-sized warehouse market is particularity buoyant due to banks pro-actively funding growing Yorkshire businesses. We see 2015/ 2016 as the year of ‘Design and Build’ in Yorkshire, we have already seen deals for new sheds agreed with Travis Perkins, Wakefield District Housing, Speedy Hire and John Lewis together with a proposed 688,000 sq. ft super-shed at Cross Point, Ferrybridge for the expansion and relocation of TK Maxx.
- Industrial Sales
- Industrial Lettings
- Industrial Acquisitions
- Industrial Investment
- Brownfield to Residential Opportunities
For more information on the industrial market in West Yorkshire or to request a free market appraisal, please contact us.
Q4 2015 Showcase Property
To Let - Fully Refurbished Distribution Warehouse Facility