Demand remained relatively stable in the early months of the year, with requirements standing at 11.7m sq ft in the six months to the end of March 2026, 5% higher than the Q3 2025 level. Big Box (6.5m sq ft) and Mid Box (1.4m sq ft) demand accounts for 68% of overall requirements, with the major improvement over the past six months being seen in the Mid Box sector.