Demand is strong for refitted space, with relocation of hospital rebuild tenants and consolidation of government tenants impacting the market with a flurry of new letting from mid-2018 to now. This has resulted in growth in the market, with positive rent review outcomes for landlords. View the infographic here.
New builds are continuing in suburban / secondary industrial areas. Refitting and expansion of existing / older stock is continuing. Increasing ground rentals continue to impact reclamation and Southern Endowment industrial, although several sites have become freehold recently. View the infographic here.
Prime retail rents have plateaued, and demand is more limited. There has been uptake recently of prime vacancies at previous levels. There is demand for bulk retail with expanding rents, however suburban demand is average. View the infographic here.