■ The initial response in the investment market has been mixed and greater clarity will emerge in the coming days and weeks. Core active buyers remain in the market and post Brexit transactions are now starting to complete, we are also seeing competitive bids for prime logistics units.
■ Should the development market slow down in the second half of the year, as we suspect, then construction contracts could be priced more competitively. In turn this could create an opportunity for occupiers to commit to build-to-suits and developers to build speculatively at lower costs.
