The Midlands' industrial property market reflected strong performance throughout 2022, according to new research.
Occupier appetite for high-quality robust spaces continued to increase across the region, alongside a shortage of suitable existing spaces, while both build-to-suit and speculative developments proved to be key features across the market.
Commercial property agency Knight Frank said that availability of industrial property reached 8.5 million sq ft among units over 50,000 sq ft towards the end of 2022, reflecting an increase of 1.6 per cent from 2021 which remains low.
