Industrial Market Update
Wednesday 26 July 2023
Flude Property Consultants are delighted to share with you the most recent industrial market update prepared by our dedicated industrial agents; Will Thomas, Brandon White and Sebastian Martin.
Whilst enquiry levels have decreased from the peak of 2022, demand remains steady. We are seeing new multi let industrial schemes come to market that allow occupiers to trade up into better quality accommodation, with EPC ratings of B and above. This will generate churn in 2023 on older stock. Generally rents are sustainable and healthy. Larger occupiers find it difficult to locate units of sufficient standard, so there is further need for well-located larger schemes to support this demand.
Q2 has seen a steady uptake of stock in West Sussex, in somewhat slowing market conditions. Availability overall remains at low levels but positively will shortly be boosted by the addition of 34,000 sq ft of new build space at Chichester Business Park. With the commencement of works at the speculative Stanley Court scheme by the Glenmore Group also kick-starting in August, there is still confidence being shown by landlords & developers in the South Coast region.
Click on the link below to view our market update flyer.
