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“Activity in the East London market has proved challenging over the past 12-24 months, remaining below trend, with a general slowing across most sized units.”

Peter Higgins
Divisional Partner
Image of Peter Higgins

Our View

Take up in the East London industrial market remained below trend for the second successive year in 2023 with total lettings of 517,390 sq ft recorded. Activity was held back by a lack of larger lettings, with only one transaction above 50,000 sq ft completing – the 52,362 sq ft letting of studio space to Arts and Media educational establishment LMA London at the Broadcast Centre, Here East.

The current year has started in a similar vein, with lettings of just 104,925 sq ft completing, with two deals accounting for more than 50% of this activity; the 27,530 sq ft letting of Units 8/9 at Segro Park Rainham to Wolseley, whilst meat processing group ACM Meat Factory took 26,460 sq ft at Lyon Business Park.

Industrial market take-up
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Key Contact

Peter Higgins

Peter Higgins

Divisional Partner - East and North London & Herts Commercial Agency
020 3141 3534
[email protected]