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 at London Gateway, with LG380 offering 380,650 sq ft, whilst Purfleet 343, provides a further 331,350 sq ft.
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