The Midlands recorded the highest level of take-up of logistics space in the first quarter of 2022, accounting for almost half (46%) of the total space taken across the UK.
According to CBRE’s UK Logistics Market Summary, of the 10.43m sq ft transacted in Q1, 3.4m sq ft (32.4%) was in the East Midlands, representing a 111% year-on-year increase. The East Midlands also ended the quarter with the largest amount of logistics space under offer, at 5.9m sq ft.
Logistics take-up in the West Midlands totaled 1.5m sq ft (14.1%), with 5.3m sq ft under offer. Available space fell for a second consecutive quarter to 1.7m sq ft, of which
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