Landlords who undertake refurbishment of well-located, secondary space will benefit from pent-up occupier demand.
Further speculative development is anticipated in the SME and mid-box sectors.
Terms will continue to harden as demand significantly outstrips quality supply.
Growth is expected within the manufacturing sector, with enquiries focussing on Design & Build opportunities at established and specialist locations, such as Rotherham’s Advanced Manufacturing Park (pictured left).
Retailers will focus searches on dedicated e-commerce facilities, particularly along the M1 and M62 corridors.