The industrial market has proved one of the most resilient sectors during the pandemic. In total, there were 44,611 sq m worth of transactions in Q2, bringing take-up for the first half of 2020 to 131,408 sq m. While this is down 34% on the same period last year, it is above the level achieved in both H1 2017 and H1 2018.
Lettings in Q2 comprised 88% of activity with sales accounting for 12%. The South-West had the highest market share with 60%, followed by the North-West with 38%. The North-East accounted for just 2% of the market.