Research by CBRE shows that the take-up of new and secondhand units above 100,000sq ft totalled just 290,000sq ft.
Richard Meering, senior director in the industrial agency team at CBRE in Birmingham, said the low take-up level was due to the scarcity of ready-tooccupy space, particularly in prime locations.
He said: “It’s no secret that the Midlands industrial and logistics market is suffering from a severe shortage of available quality space, especially along key infrastructure corridors, such as the M1, M6 and M42.
“The supply crisis has reached a critical point and there are now only a handful of quality buildings left in the Midlands ready for immediate occupation. “Until more stock is made available we’ll continue to see design and build deals dominate the market.”
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