The logistics market in the South West

The document analyzes the South West logistics and industrial market as of mid-2025, reporting that supply fell 63% year-over-year to 2.29 million square feet with a vacancy rate of 6.52%, while H1 2025 take-up reached 2.98 million square feet (239% higher than the prior year), driven primarily by large deals from GXO, Marks & Spencer, Waitrose, and Wincanton accounting for 64% of activity. The market features four speculative units under construction totaling 2.26 million square feet, with the largest being Panattoni Park Swindon at 915,000 square feet scheduled for completion in Q1 2026, and third-party logistics firms account for 51% of H1 2025 take-up.