Big box bulletin

2020 review of distribution activity

2 million sq ft Integra 61, Durham


Occupier data

Investment data

Key stats

Regional data


Andrew Jackson

Principal & Managing Director, Industrial

Robert Rae

Principal & Managing Director, Industrial


Take-up of large grade A warehouses >100,000 sq ft, amounted to 38.4 million sq ft during 2020, 40% above the five-year average. Amazon continued to dominate the market accounting for 30% of all take-up.

"Many organisations favoured the immediate availability of existing space in 2020. Take-up of speculative developments and second-hand units have experienced high demand, leading to a large proportion of vacant stock being absorbed."

Tom Bridgman

Principal, Investment


The strength of the distribution occupier market continues to underpin considerable levels of investment activity. Total volumes for distribution warehouses amounted to just under £5 billion across the UK during 2020, 32% up on the five-year average, with 58% committed during the final quarter of the year.

"With the lack of supply in the occupational market we expect further rental growth. Investors will continue to be attracted to the comparatively long leases that the sector offers, and we therefore expect further yield compression."
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