Our View
Supply has moved up sharply over the past 15 months, rising to 3.8m sq ft from 1.6m sq ft at the end of 2022, boosted by an increase in grade A stock. Grade A availability has risen to 2.1m sq ft, with almost 75% of the space in Big Box units. The largest unit is Purfleet 343 providing 343,281 sq ft whilst at London Gateway there are three existing units totalling 431,623 sq ft with LG200 of 200,424 sq ft under construction and due to complete in Q4 2024.
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