Report

M1 South Industrial Databook - August 2024

21.8.24 DATABOOK

Our latest Databook provides an update on the M1 South Industrial Market

This year has seen a recovery in demand for Big Box units in the M1 South market. Take up in the first half of 2024 was 1.9 million sq ft and there was a further 496,000 sq ft under offer at the end of June. Requirements for Big Box units also increased and take-up for the full year is likely to exceed the 10 year average. Availability remains low at 5.6% and we expect prime industrial rents in M1 South to increase by 3% p.a. between mid-2024 and end-2029.

1.9^{m sq ft}

Take up of industrial space in the Milton Keynes and Northampton in H1 2024

5.6^%

Availability rate in Milton Keynes and Northampton increases

14.4^{% pa}

Growth in prime rents in Milton Keynes since 2020

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Sue Foxley

Research Director

Sue leads a dynamic programme of research at Bidwells. Working with her colleague Mark Callender, she is particularly focused on the real estate implications of the science and technology sector.

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Industrial & Logistics

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M1 South Industrial Databook - August 2024