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All I want for Christmas is...more Industrial!

As we enter the festive period, there is no let-up to the significant shortage of industrial stock across the UK.

Since the pandemic, industrial demand has increased significantly, driven by logistical demand as a result of more online spending.

I am seeing first-hand the impact this is having on both rent negotiations and market availability.

I act for Charles Pugh Windscreens who operate a number of National Windscreen depots across the UK. Demand for 10,000-20,000 sq ft units with good yard space is at a premium with demand easily outweighing supply.

Not only is this impacting on the rents being agreed, but Landlords are also seeking longer lease commitments (unbroken 10-year leases in some instances). As a result older stock is now becoming more attractive.

This is turn is impacting rent review and lease renewal negotiations. I recently concluded a lease renewal in Enfield where the six-figure rent passing doubled upon renewal.

With a shortage of stock, I can see no let-up in the short to medium term.

So as Mariah once sang – All I Want for Christmas is…more industrial!

If you require any assistance or would like further information, please email me at


About the author


Neil is the Operations Director at Raeburn Consulting. He has over 15 years’ experience in professional and agency matters relating to commercial property throughout the UK and Ireland representing a range of corporate and private clients, investors and developers.

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