04:12 UTC — desk report
Warehouse vacancy tightens again as retailers hold stock closer to shoppers
Big-box space within an hour of major cities is letting faster than the wider market for the fourth quarter running, brokers tell this desk. Landlords are quoting shorter rent-free periods, and several occupiers say they are renewing early rather than testing the market.
The squeeze is narrow. Older sheds further out are still sitting empty for months, and asking rents there have barely moved since spring. Operators splitting the difference — a small urban unit plus cheaper regional overflow — report the least disruption to delivery promises.