Q1 2025 take-up totalled 633,600 sq.ft. which was 50% above the 5-year quarterly average.

The manufacturing and TMT sectors were most active in 2024, accounting for 33% and 29% of all take-up respectively.

There is 432,400 sq.ft. currently under construction across the region, with 207,600 sq.ft. already pre-let.

Prime rents were unchanged over the quarter at £43.15 with growth forecast over the course of 2025.