M1 South industrial take up well ahead of the long run average in 2019
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.
As the combined availability rate falls to 6.3%, rental pressures have grown. The distribution sector continues to dominate demand, although high tech engineering and manufacturing are an increasingly significant part of the market.
Stock shortages have focused occupier attention on new built stock, with pre lets agreed on much of the space coming forward
Download our research paper to find out more, and our predictions for the year ahead and beyond.
25.9%
Growth in prime rents in Milton Keynes over the last five years, with second hand rents up by 45.9%
6.3%
Combined availability rate for the Milton Keynes and Northampton markets
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