Confidence in the region is growing but there is a supply/demand imbalance.
However, recent activity around London Gateway and Amazon’s ‘super shed’ at Tilbury has begun to change perceptions, resulting in growing demand for grade-A space in the county.
According to data from Glenny, total availability of industrial and logistics space in Essex has remained broadly stable at between 2.2m sq ft and 2.4m sq ft since 2015. But over the past 12 months grade-A supply has fallen significantly as occupiers have started to target better-quality accommodation. Availability of grade-A industrial and logistics space in Essex currently stands at a miserly 3%.
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