Arc Market Databook Norfolk and Suffolk Industrial - Autumn 2021
Over the last two years, the sharp rise in demand for industrial floor space across Norfolk and Suffolk, has caught out the market
The delivery of new grade A space falling behind both the pace and scale of requirements. This has pushed the availability rate to an all time low and will drive a sharp upturn in prime and secondary rents this year, with further steady growth to come.
The emerging eastern distribution corridor running from the Port of Felixstowe, up to Peterborough has become a target location for logistics occupiers, spurring growing investor interest. This will help the delivery of much needed stock over the longer term.
However, the Norfolk and Suffolk industrial market story is not solely focused on logistics, with the region’s high tech engineering growing in scale and nationally significance, underlined by additional investment by Lotus in the region. The recent boost to highly skilled employment in the area, whether in the industrial or office sector, will support the development of this growing science and technology cluster with implications for business space of all types.
208k sq ft
Take up in the Norwich industrial market continues on a positive note in H1 2021
2.7 %
Availability rate falls to an all time low in H1 2021, with supply down to 295,400 sq ft
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