Summary

■  Take-up for the first three quarters of the year has reached 17.5m sq ft across the country. This is 1m sq ft above the long term average for take-up levels achieved by the end of the third quarter.

■  Over the long term the retail sector has accounted for 50% of the market. However, 2015 has seen the logistics and 3PL sector increase its share of the market to 29%, manufacturing to 28% and retail fall to just 43%.

■  Previously a key driver of take-up in the market has been the churn of deals below 200,000sq ft, accounting for 42% of take-up in 2013 and 43% in 2014. In 2015, this part of the market has fallen to 25% of the space transacted.

■  For the first second quarter in succession supply for units over 100,000 sq ft at a Nationwide has increased and now stands at 23.1m sq ft.

■  During the third quarter 12 speculative schemes over 100,000 sq ft were announced totalling 2.4m sq ft. The largest unit announced was 358,068 sq ft at Prologis Park Dunstable and the average size unit was 201,296 sq ft.

■  Investment volumes in the first three quarters of 2015 in the logistics sector have reached £2.01bn, with £624m of stock transacted in the third quarter. The Savills prime distribution yield is now 4.5% having moved in 125bps in the last 18 months.