Letting activity in UK the industrial market increased 800,000 sq ft to 6.9 million sq ft in the first quarter of 2011, according to DTZ Research’s Property Times UK Industrial report, which covers the market for properties over 50,000 sq ft.
This led to the total availability of space falling to around 182 million sq ft secondary grade space seeing the largest fall by some 6 million sq ft due to the lack of availability of grade A buildings.
Grade A stock continued to fall, reflecting the continuing absence of newly built supply.
