Industrial & logistics property vacancy at lowest level since 2023

Also, over the past 12 months supply in the region has fallen 31 per cent to 1.8 million sq ft, which means there is less than one year’s worth of supply available, based on the five year annual take-up.

In terms of unit count, there are four available in the 100,000–200,000 sq ft range, four of 200,000–300,000 sq ft, one of 300,000–400,000 sq ft and no units over 400,000 sq ft. Only a third of this is of Grade A quality, with 53 per cent classed as Grade C.

In H1 2025, take-up in the region has fallen by 54 per cent compared to the same period last year, totalling c.179,000 sq ft across one transaction. There are currently no Grade A speculative units immediately available. The largest immediately available unit on the market is Novus 387, offering 387,259 sq ft of newly refurbished space in Peterborough.

The only unit under construction in the region is Port One Logistics Park in Ipswich, a 200,000 sq ft unit due for completion in Q3 2025.

Phil Dennis, Director in the Commercial Agency team at Savills Chelmsford, says: “The go-ahead for the construction of the Sizewell C nuclear power station will bring several economic benefits over its decade-long construction phase, both directly through employment creation and increased warehousing demand, with over one million sq ft of warehousing already being taken up for the project.

“There is also an increasing occupier preference for best-in-class assets which is creating redevelopment opportunities for investors and developers who can capitalise on the low vacancy rate and the rise in Grade A quoting rents.”