INSIGHT

Big box bulletin

Q1 2022 review of distribution activity

Unit 4, Omega West, Warrington

DATA & ANALYSIS

Occupier data

Investment data

Key stats

Regional data

COMMENTARY

Andrew Jackson

Principal & Managing Director, Industrial

Robert Rae

Principal & Managing Director, Industrial

OCCUPIER MARKET IN BRIEF

The first quarter of 2022 has been somewhat muted for take-up of Grade-A Big Box space, totalling only 4.3 million sq ft, significantly lower than last years’ record Q1 take-up levels of 13.5 million sq ft and 40% lower than the five-year Q1 average of 7.4 million sq ft.

"2022 will be a challenging year for the industrial market, driven by external factors such as ongoing supply chain problems and potential construction delays, however, this is unlikely to hamper demand for space."

Tom Bridgman

Principal, Investment

INVESTMENT MARKET IN BRIEF

Investment volumes for distribution and industrial assets during the first quarter of 2022 totalled £1.9 billion. This was 8% down on the comparative period in 2021 and just 3% down on the five-year quarterly average.

“Despite a relatively subdued first quarter, which could be driven by the current economic and political situation – as well as a replenishing of investment stock, after a flurry of activity during the final quarter of 2021 - strong fundamentals will continue to underpin demand across the market.“
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