Our View
Supply moved up to 3.1m sq ft at the end of Q3 2024, an increase of 46% (990,000 sq ft) over the past six months. Both grade A (536,000 sq ft) and second hand space (454,000 sq ft) contributed to the upturn in supply. The increase in grade A supply was dominated by the completion of the four unit scheme Momentum in Rainham, which added a total of 388,300 sq ft. The availability rate in East London now stands at 5.97%, above the long run average of 5.0%.
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Key Contact
Peter Higgins
Divisional Partner - East and North London & Herts Commercial Agency
020 3141 3534[email protected]