Relates to the amount of built stock on the market at the period end. The availability figure does not include pre-let opportunities or new developments where construction is still ongoing.
The term ‘Big Box’ relates to industrial buildings/units of 100,000 sq ft and above.
The term ‘Mid Box’ relates to urban logistics buildings/units of 50,000 - 100,000 sq ft and above.
The rent achievable for the letting of a newly built property; typically for an industrial unit this would apply to a 20,000-25,000 sq ft building and for an office building, circa 5,000-10,000 sq ft.
The rent typically achievable for good quality second hand industrial space of 20,000 - 25,000 sq ft, and for an office building of circa 5,000 - 10,000 sq ft.
The best freehold capital value payable by an owner occupier on an industrial building of circa 10,000 sq ft and an office building of circa 5,000 sq ft.
The Glenny region sometimes described as the "Eastern M25" covers Essex, East London, North London & Hertfordshire and South East London & Kent.