Employment implications
"The MOD spent £52.8 billion and £54.2 billion on defence in 2022/23 and 2023/24, respectively. Of that, close to £30 billion was on the procurement of equipment and services"
Industrial
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Forecasting employment growth
"Looking ahead, if we assume that employment keeps pace with the increase in expenditure, we can calculate estimated employment growth based on the increase in defence spending as a percentage of GDP"
Impact on the industrial and logistics sector
"Employment growth is set to drive significant expansions in industrial and logistics demand"
How will this impact UK regions differently?
"Given the potential flow of demand over the next decade, which regions can expect to see a rise in take-up? Like many manufacturing industries, the defence sector benefits from significant agglomeration economies. To examine this, we can look at breakdowns of employment by region"
European market impact
"Already employing close to one million people across the continent, Europe’s rearmament could stimulate significant demand for industrial and logistics space"
Policy implications
"The scale and ambition of the SDR should not be called into question; like much of the Western world, the UK has reacted to an increasingly conflict-prone international order. As experts in logistics real estate, we would note several key policy implications that the government will need to address as part of the SDR’s implementation"
Key takeaways
"The impact of rising defence spending will have far-reaching consequences on UK and European property markets"
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How the UK’s industrial strategy is shaping office regional demand through skills & innovation hubs
"The UK’s 2025 Industrial Strategy is more than a plan for economic growth: it’s a framework for how and where we work. "
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From global leasing strategies to local opportunities for industrial real estate
"Viet Nam is rising as a key hub for modern industrial occupiers, driven by global leasing shifts, strong manufacturing growth, and FDI interest — but sustainable success will require bold reforms and green transformation."
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Global port snapshot
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