"Six months ago, we wrote in this report: “Conditions for the German logistics and industrial market appear almost sensationally positive and there is little to indicate that the environment will deteriorate.” Now, intensifying trade disputes between the USA and both China and Europe may well bring about such a deterioration in the environment. The leading indicators have already worsened, particularly for Germany. While all indicators remain in the green zone, the euphoria has evaporated."
"Most regional markets see above average and record take-up levels"
"We are still searching for superlatives to describe the ongoing health of the UK logistics and industrial market"
"We are seeing continued rental growth in the region which is narrowing the historic gap with the West Midlands"
"Whilst Brexit is meaning deals are generally taking longer to complete we believe there is pent up demand for good quality space, which is being supported by the rents that have been achieved this year"
"After a relatively sluggish first quarter, we are beginning to see take-up in line with the long term average. With a number of significant deals due to complete over summer, the region is set for another robust year"
"With constrained existing unit supply and a strong development pipeline we expect quoting rents to exceed £6 in the next 12 months"
"There are a number of sizeable requirements across the region being discussed and we anticipate significant activity in the second half of the year"
"It is pleasing to see large scale speculative development return to the region after a prolonged absence which will encourage grade A take-up and further rental growth"
"Whilst supply has increased, this is skewed by the sizeable Lidl RDC, as otherwise supply has been reduced by the recent purchase of Vertex and letting of Colossus 1. Meanwhile no new build and very little other facilities of scale and quality have entered the market meaning that the Scottish Region is in much need of speculative development"