Take–up of Grade A warehouse space in Yorkshire and Humberside totalled 3 million sq ft in 2010 according to the latest report from property consultant DTZ.
Non-food retailers were the dominant players responsible for the take-up in the region in the final quarter of 2010 where some 390,000 sq ft was let.
of Yorkshire and Humberside’s grade A industrial space in the final quarter of 2010, according to a report by DTZ.
Yorkshire and Humberside also benefited from inward migration, according to DTZ, as higher rents and a shortage of supply in the North West increased the attractiveness of the region.
Mike Baugh, director of DTZ’s industrial team in Leeds, said: “With take-up of speculatively built grade A space continuing, and a lack of any new development, the window of opportunity for occupiers to secure significant incentives is closing. Consequently it is likely that we will see a return to design and build-led deals.”