Industrial Databook Norfolk & Suffolk - Summer 2022
The Norfolk and Suffolk industrial market remains buoyant with particularly high demand for small and medium sized units. Dwindling supply has driven prime rents to a record high.
Prime rents rise to a new high in the Norfolk and Suffolk market
The Norwich industrial market saw dwindling supply drive rental growth to a new high of £9.50 psf in the first six months of the year.
Demand for small and medium sized units in the area is rising, with 518,500 sq ft of requirements from 48 companies, dominated by Norfolk based companies in the real estate and construction industry.
The area’s high tech engineering business is gaining momentum, contributing to the all time low availability rate of 3.3%.