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Norfolk & Suffolk Industrial Databook - August 2024

21.8.24 DATABOOK

Our latest Databook provides an update on the Norfolk & Suffolk Industrial Market

The Norwich industrial market saw some major lettings in the first half of 2024 and take-up was only 10% below the 10 year annual average. Availability remains low at 4.2% and the lack of new development means there is acute shortage of high quality space, with only four Grade A units available at the end of June. We forecast that prime industrial rents in Norwich will rise from £12.00 psf in mid-2024 to £14.00 psf by end-2029, representing growth of 2.8% p.a.

312^k

Take up of industrial floor space in Norwich in H1 2024 in sq ft

455^k

Demand for industrial space focused on small and medium-sized units in sq ft

4.2^%

Supply in the Norwich industrial market remains tight

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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.

Saul Western

Partner, Head of Commercial

Providing thorough and professional investment advice across the golden triangle and beyond.

Patrick Stanton

Partner, Head of Logistics and Industrial

Bidwells’ big box specialist transacted more space last year than any other industrial and logistics agent across the whole of East Anglia.

Industrial & Logistics

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Norfolk & Suffolk Industrial Databook - August 2024