"Highest level of take-up for three years, but a further rise in supply."

"In 2025, 34% of take-up involved newly built speculative units. Although not a majority, this would be higher if there were more supply of such quality."

"Transactional activity is up 49% on 2024."

"Supply has fallen by 45%, with the vacancy rate falling to 5.07%."

"A shortage of modernised stock and an absent pipeline supporting robust rental growth forecasts."

"The logistics market has passed its toughest phase, but weak economic growth limits upsizing. Rental growth should stay modest at 2.7% in 2026, with supply moderation and structural trends paving the way for more landlord-friendly conditions later in the decade."

"Build-to-suit activity returns to the market in 2025."

"High-quality Grade A space accounts for 73% of available supply."

"Of the 2.05 million sq ft available, 52% is poor-quality Grade C space, restricting occupier options."