• Industrial supply in the region fell by 13%, from 1.915m sq ft in Q1 2105 to 1.645m sq ft in Q2
• Prime space availability has reduced from 160,000 sq ft in Q1 to only 67,000 sq ft in Q2
• Availability is down 15% in Southampton and 11% in Portsmouth
• No modern units of 30,000 sq ft + currently available on the M27 corridor
The ‘shed’ market is struggling to continue its previous momentum, due not to lack of occupier demand but to the critical shortage of availability. The market is now weighted in favour of landlords and tenants are having to plan far ahead in order to secure space.