Industrial rents in Essex have stabilised over the six months to the end of Q1 2024 following growth in the previous six month period.  Prime rents have grown by 2.6% on average over the past 12 months, with the strongest improvements seen in Braintree and Basildon, where values are up by 8.3% and 3.7% respectively.  Values in both Chelmsford and Thurrock have seen values remain stable at their Q1 2023 levels.  Over the longer term, Thurrock and Chelmsford have been the stronger performing locations, with values increasing by 65.8% (13.5% per annum) and 53.8% (11.4% per annum) over the past three years.  Owner occupier capital values in Essex have fared better than the region as a whole, falling by 4.5% over the past 12 months compared to a 10.1% decline across the Eastern M25.