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Our View

Demand for floor space in the North London & Herts region reached record levels in the six months to the end of Q1 2022, with 15.0m sq ft of requirements recorded on the Glenny system.  This boost in demand has a risen at a time when supply levels have fallen to their lowest levels since mid 2019.  All sectors of the market are severely under supplied, with the greatest shortfalls being at the larger end of the market, where 270,300 sq ft of Big Box supply compares to demand approaching 6.1m sq ft of requirements.         

 

Industrial market requirements
Industrial market demand
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Peter Higgins

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