Savills News

Mid-Box industrial take-up reaches 4.14 million sq ft with 2026 on track to reach 2025 levels

Take-up in the UK’s prime industrial ‘mid-box’ sector reached 4.14 million sq ft across 83 transactions by the end of Q3, comparable to the same period in 2025, says Savills.

According to the international real estate advisor, 2026 take-up to the end of Q3 was just 2% lower than the same period in 2025, but with over 1 million sq ft of mix-box space currently under offer it anticipates that the total amount of mid-box space taken in 2026 will reach 2025’s level of 5.51 million sq ft. Savills says that the London and Manchester sub-markets have already seen regional take-up exceed 2025’s full-year levels with three months still left in 2026.

According to Savills, the supply of prime mid-box space has fallen 4% compared to Q3 2025, with five of the eight regional sub-markets it tracks witnessing annual falls in available space. Total supply across the country stands at 1.58 years’ worth of space.

Kiran Bhalla, Logistics Research Analyst at Savills, comments: “2026’s mid-box market has continued to prove very resilient, despite wider macroeconomic events, with all indicators pointing to full-year take-up hitting, or exceeding, 2025’s levels. Looking ahead, the sector should continue to benefit from a continued robust occupier market, with some industries that typically favour mid-box space – most notably the manufacturing, 3PL and wholesale sectors – showing signs of sustained business growth.”

Toby Green, National Head of Industrial and Logistics at Savills, adds: “While there are nuances across the regions, overall the Mid-Box market has had a good year. Supply remains constrained, with the Leeds market seeing the biggest decrease over the last year, with a 39% fall in supply year-on-year and therefore good rental growth prospects in the short term.”

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Methodology: Savills examined take-up, supply, pipeline and rents for units between 20,000 and 100,000 sq ft, focusing on units constructed since 2010 as a proxy for the prime end of the market.

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