Industrial Market Update
Wednesday 27 April 2022
Flude Property Consultants are delighted to share with you the most recent industrial market update prepared by our dedicated industrial agents; Andrew Halfacree, Sebastian Martin and Mark Minchell.
There remains to be a lack of industrial / warehouse stock on the South Coast, with the market demanding new stock to be developed speculatively. The yields in the same sector are at an all-time low, with a few more than usual industrial investments becoming available.
There have been a number of new multi let and larger industrial unit schemes that have been speculatively developed in Hampshire which have secured interest from occupiers and there has been excellent take up of this new space. The existing churn of second hand stock continues, predicated by the new development creating some vacancy in this older stock. Rents for both new and old stock continue to increase and yields have continued to harden.
Whilst there has been less development recently in West Sussex, there are pockets of new schemes that have let or sold well, including the Glenmore scheme in Chichester and the new trade counter development at Billingshurst. It is anticipated that a number of new industrial schemes will be coming online in the Chichester and Mid Sussex areas in 2023 providing up to 100,000 sq ft of new stock in the pipeline.
Click on the link below to view our market update flyer.
