2021-10-14-莱坊-UK_Logistics_Market_Dashboard_October_2021_4页_627kb

Summary of UK Logistics Market Dashboard

The UK logistics market shows a robust performance across key indicators, with strong demand in investment and occupier segments, supported by manufacturing recovery and online retail growth. Investment yields remain volatile, with UK Gilts yields declining compared to global counterparts, highlighting competitive positioning. Occupier demand is high, evidenced by low vacancy rates and steady rental growth, expected to continue through development completions. Manufacturing indicators, such as rising PMI and increased port visits, signal expansion, reinforcing the logistics sector's supportive environment. Online retail sales are growing, driving retail distribution trends, though stock volumes and supplier orders vary. Overall, the market demonstrates positive momentum with resilience in key metrics like order balance and inventory levels, though forecasts depend on global economic conditions.

• Investment Market: Focus on yields trends, with UK Gilts yields and spread analysis compared to USA, Singapore, Canada, and others, showing fluctuations.
• Occupier Market: High take-up in large units, low vacancy rates (e.g., 15.4% in 2021), strong rental growth, and projected increases through 2025.
• Industry and Manufacturing: Manufacturing PMI at 72 (next balance), increased output and cargo visits to UK ports, indicating strong export and inventory balance from CBI surveys.
• Retail Distribution: Online sales surge (e.g., Internet retail up to £3,500/month), with online grocery proportion rising, affecting supplier orders and stock levels.
• Market Commentary: Positive from key indicators like order books and manufacturing output, with mixed supplier order views but overall market confidence.