"With 4.3m sq ft under offer and speculative development 63% below its 2022 peak, supply conditions are set to tighten further."

"With one year's supply remaining and no speculative pipeline underway, the East of England faces intensifying competition for modern logistics space."

"Supply has risen by 10% to 7.73 million sq ft, but options in quality and size remain limited."

"Highest level of take-up for three years, but a further rise in supply."

"In 2025, 34% of take-up involved newly built speculative units. Although not a majority, this would be higher if there were more supply of such quality."

"Transactional activity is up 49% on 2024."

"Supply has fallen by 45%, with the vacancy rate falling to 5.07%."

"A shortage of modernised stock and an absent pipeline supporting robust rental growth forecasts."

"Moving into 2026, we anticipate core buyers slowly returning to the market, with continued investor sentiment shifting from single let to multi-let (MLI) assets."

"The logistics market has passed its toughest phase, but weak economic growth limits upsizing. Rental growth should stay modest at 2.7% in 2026, with supply moderation and structural trends paving the way for more landlord-friendly conditions later in the decade."