Yorkshire & The Humber

19 July 2017, by Dave Robinson

There has been a welcome increase in supply in the region in 2017 which will benefit occupiers who have put off decisions due to the lack of available units



Sheffield 615 from Logicor

▲ Sheffield 615 from Logicor


■ The Yorkshire market has seen an increase in available supply this year after the former Polestar unit, now re-branded Sheffield 615, has come to market after a comprehensive refurbishment.

■ There is currently 2.8m sq ft available across 15 existing units, meaning available supply has increased by 12% since Q4 16. The aforementioned Sheffield 615 is now the largest available unit in the country.

■ Following the refurbishment of Sheffield 615, Grade A units account for the highest proportion of space available at 54%. The completion of the speculatively developed IP2e at Iport, Doncaster has added 195,000 sq ft to Grade A supply.


Supply by grade

Figure 15

Source: Savills Research


■ After a strong 2016 take-up in the Yorkshire and Humber region has levelled off in H1 2017 with only 736,894 sq ft being transacted. This reflects a 61% decrease from H1 2016 take-up. It was to be expected that take-up would drop in 2017 after 2016 witnessed very strong build-to-suit take-up activity of large units at Verdion’s Iport scheme in Doncaster.

■ There were only four transactions in H1 2017. The largest Grade A deal was Allied Glass Containers leasing 190,000 sq ft at Wakefield Eurohub. There was only one other Grade A deal in the region in 2017 which was Buy it Direct leasing 162,000 sq ft at Trans Pennine 62 in Elland.

■ Three of the four deals recorded this year have been between 100,000–200,000 sq ft, which in some way can be attributed to a lack of supply of large units, there are currently just two units available above 200,000 sq ft and only one of these is Grade A, Sheffield 615.



Figure 16

Source: Savills Research


Take-up proportion by size

Figure 17

Source: Savills Research

Development Pipeline

■ There is only one unit over 100,000 sq ft under construction in the Yorkshire region at the moment. DB Symmetry are delivering the 150,000 sq ft SP1 unit at Symmetry Park, Doncaster, due for completion on Q1 2018.


Key stats

Table 5



Key Contacts

Dave Robinson

Dave Robinson

Industrial & Logistics – North

Savills Leeds

+44 (0) 113 220 1218


Kevin Mofid

Kevin Mofid

Commercial Research

Savills Margaret Street


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