Report

M1 South Industrial Databook - August 2025

28.8.25 DATABOOK

Supply shortages fuel rental growth outlook in M1 South

The M1 South industrial market presented a mixed picture in the first half of 2025. Take-up in Milton Keynes in the first six months surpassed the full year total for 2024, supported by the delivery of new stock. The Chinese on-line retailer JD.com took over half a million sq ft. In contrast, the Northampton market was subdued, as a shortage of Grade A space held back logistics occupiers looking to upgrade. Prime industrial rents in Milton Keynes and Northampton rose to £14.50 per sq ft and £12.25 per sq ft, respectively.

1.4^million

sq ft take up in the Milton Keynes and Northampton markets in H1 2025, with 330,000 sq ft under offer at end of June

7.6^m

sq is the demand for Big Box units in Milton Keynes

£14.5^psf

Prime rents in Milton Keynes at new high, with rents in Northampton rising to £12.25 psf.

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Sue Foxley

Research Director

Sue leads a dynamic programme of research at Bidwells. Working with her colleague Mark Callender, she is particularly focused on the real estate implications of the science and technology sector.

Saul Western

Partner, Head of Commercial

Providing thorough and professional investment advice across the golden triangle and beyond.

Paul Davies

Partner, Industrial & Logistics Agency

Heading our industrial agency team in Milton Keynes, Paul brings unparalleled industry expertise to the table.

Industrial & Logistics

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M1 South Industrial Databook - August 2025