Bidwells launches its latest Our View on Industrial research, Spring 2020. Industrial take up across the Oxford-Cambridge Arc remained above trend levels for the seventh year in a row driven by an increase in the M1 South market in the second half of the year.
Bidwells has released its Spring 2020 M1 South industrial research which reveals that the Milton Keynes and Northampton industrial market saw close to 3m sq ft of take-up in 2019, well ahead of the long run average.
Bidwells has released its Spring 2020 Norfolk and Suffolk industrial research which reveals that supply constraints are taking their toll on the Norwich market, frustrating potential occupiers and supressing take up, which has fallen below the long term average.
Bidwells has released its Spring 2020 Oxfordshire industrial research which reveals that 2019 ended the year with 20% of all available stock across the market under offer, after 12 months of limited supply curtailing take up.
Bidwells launches its latest Our View on Industrial research. Industrial supply has struggled to keep pace with demand across the Bidwells’ market area. Following Amazon taking the lease on Altitude at Magna Park, the largest spec built logistics unit in the UK, demand for ‘big box’ space remains above trend.
Activity in and around the Norwich market remains restricted by supply, leaving take-up at trend levels. This belies the scale of underling demand which now stands at a three year high, with availability below 5%.
The first half of 2019 saw take-up in Milton Keynes already exceed that achieved in 2018 as a whole, helped in part by Amazon’s pre-let of Altitude at Magna Park. Overall, 1.1m sq ft were let in Milton Keynes over the last six months, pushing down the availability rate to 7%.
Knowledge intensive businesses accounted for 50% of occupier activity in H1 2019. As the production of the new e-Mini gets underway at Cowley, Andretti Autosport has relocated its Formula E team to Banbury. Adding to this Oxford Nanopore started production at its new 34,500 sq ft facility at Harwell.