Grade A Massive Field take-up has exceeded the five-year H1 common, regardless of cautious funding situations, in accordance with evaluation from world business actual property advisor Avison Younger in its newest Massive Field bulletin.
The market maintained robust momentum within the first half of the 12 months, with take-up reaching 13 million sq ft, 14% larger than H1 2025, and 7.6% above the five-year common. The figures underline the resilience of occupier demand, regardless of ongoing macroeconomic components affecting market uncertainty.
Midlands continues to prime regional take-up ranges:
Regionally, the Midlands continued to account for the biggest share (8.9m sq ft) of leasing exercise, with the East Midlands accounting for 44% (5.8m sq ft) of complete take-up. This was pushed by offers together with Bleckmann Logistics taking 761,000 sq ft at Magna Park North, and CEVA Logistics taking 508,000 sq ft at Infinity Park, Derby. The West Midlands was the second most energetic area, with 3.1m sq ft of take-up. Offers included ID Logistics’ 673,000 sq ft unit in Rugby and Marks & Spencer’s 437,000 sq ft constructing at Fradley Park in Lichfield.
Grade A provide stays steady, however provide constraints loom:
Availability of Grade An area remained broadly steady, solely declining by 1% to 59.3m sq ft. Provide was closely concentrated in smaller models, accounting for 88% of all obtainable buildings. Nevertheless, provide constraints within the Midlands may start to have an effect on take-up ranges. Provide within the space fell by 1.8m sq ft between Q1 and Q2, leaving simply 9 large-scale warehouses obtainable on the finish of H1. This might constrain occupier selections into the second half of the 12 months, main some companies to reassess growth plans.
Funding volumes totalled £750m, marking a extra subdued first half of the 12 months, with volumes 11% beneath H1 2025, and 12% beneath the rolling five-year H1 common. This displays a cautious funding surroundings, with sentiment influenced by geopolitical uncertainty and macroeconomic pressures.
General, demand was pushed by third-party logistics (3PL), which remained the dominant occupier sector, accounting for simply over half (53%) of all take-ups. Retail accounted for 22%, reflecting continued demand for regional distribution and fulfilment area to help retail provide chains.
David Willmer, Principal and Managing Director, Industrial and Logistics at Avison Younger, stated:
“The momentum of the UK’s Massive Field logistics market has remained robust for the primary half of 2026, reflecting robust demand from occupiers and outpacing historic averages. Third-party logistics corporations account for over half of all take-ups, securing area to handle warehousing, fulfilment and distribution, as shopper expectations proceed to develop.
Nevertheless, provide challenges may emerge within the Midlands, the UK’s premier logistics hub, which may mood take-up within the second half of the 12 months if new provide stays restricted. Occupiers looking for bigger Grade A services are going through a diminishing pool of accessible choices. To fight this, native authorities want to hurry up planning reforms to permit large-scale industrial developments to be constructed sooner.
Regardless of a extra cautious funding backdrop, the sector’s underlying fundamentals stay strong, with prime rents stabilised. We count on occupier demand to stay resilient via the rest of 2026, supported by the continued want for environment friendly, strategically situated logistics area.”
Learn Avison Younger’s Q2 2026 Massive Field Bulletin in full right here:
