YORKSHIRE and the Humber’s industrial and logistics sector had a robust 2016 despite reduced activity from the mid-box sector and uncertainty about the EU referendum, according to a study.
The region saw take-up increase by eight per cent above the five-year annual average to 10.3 million square feet in 2016.
While mid-box activity was down 34 per cent year-on-year, overall take-up was boosted by a number of major logistics deals at iPort Doncaster, totalling over 2m sq ft including Amazon, Lidl and Ceva Logistics. These figures were released in national commercial property consultancy Lambert Smith Hampton’s (LSH) latest Industrial and Logistics report.
Despite the return of development, Yorkshire and the Humber was one of only three UK regions where grade A supply decreased further still in 2016, down five per cent year-on-year.
The region is one of the mostly tightly supplied UK regions for grade A logistics, equivalent to only three months of average take-up
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