UK mid-box market dynamics, Q2 2026

New multi-let and mid-box take-up totalled 1.8 million sq.ft. in Q2 2026 – this brought total take-up in H1 2026 to 3.1 million sq.ft. H1 2026 was 27% higher than H1 2025.

At the end of Q2 2026 there was approximately 2.9 million sq.ft. of new floorspace under offer nationally which was higher than the end of Q1 2026 where there was around 1.7 million sq.ft. of space under offer.

Nationally supply stood at 23.8 million sq. ft. at the end of Q2 2026 – only 2% higher when compared with the end of Q1 2026.

At the end of Q2 2026 there was 9.8 million sq.ft. of floorspace speculatively under construction nationally.

Prime headline light industrial rents grew by 0.7% in the six months to mid-2026, and grew by 2.5% in the 12-months to the end of June 2026.