20231026-莱坊-LOGIC_West_Yorkshire_Q3_2023_5页_1mb

West Yorkshire & Humber Logistics Market Trends, Q3 2023

This report from Knight Frank analyzes occupier and investment market trends in the logistics and industrial sector within West Yorkshire and the surrounding Humber region.

Key findings highlight a continued shift away from traditional distribution centers (DCs) towards smaller warehouses, reflecting ongoing demand changes in e-commerce and logistics.

Supply side saw an increase in investing grade available space. This surge, partly driven by new builds, contrasts with moderate net absorption. This imbalance indicates a higher level of supply than current immediate demand can support. While demand for smaller units remains steady, the overall investment activity remains cautious.

Furthermore, development activity remains active, particularly targeting larger speculative units. This production pipeline can be expected to influence the market over the next few years.

The report suggests that demand for standard logistics warehouses is expected to peak and decline over the medium term, while requirements for smaller formats may continue.