Take up in the Eastern M25 industrial market remained below trend rates in 2023, with total take up of 4.9m sq ft, broadly in line with the levels of activity in the previous 12 months. Last year’s activity was constrained by a slowing in Big Box activity, with only three deals completing. The largest transaction in the year was the pre let at Panattoni Park Aylesford which helped the South East London & Kent market to record its strongest performance amongst the sub regions. There has been a relatively strong start to this year, with 1.3m sq ft of lettings completing in Q1 2024, including one Big Box deal at DP World's London Gateway in Stanford le Hope, where global logistics group Zeigler moved to a new 410,000 sq ft facility.
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