"Welcome to Big Shed Prospects, our annual publication presenting key data and outlook for the UK logistics sector into 2025 and beyond."

"There are many reasons to be optimistic about the overall trajectory of the market, including key strategic drivers such as the emergence of nearshoring and resurgence of e-commerce. Scratching the surface of our data on vacancy also shows that everything may not be as it seems."

"An economic soft landing remains the most likely outcome, but significant risks remain in place."

"Last year, Savills launched a new rental growth projection model which examines the average headline rental growth prospects in the logistics market over a five-year period at a regional level."

"With market conditions painting a variable and volatile picture, Michael Alderton from our Occupier advisory team and Charlie Foster from our investment team examine the prospects for the market in 2025"

"With our bull, bear, and rental growth cases presented along with insight from our agency teams, what are the key takeaways?"

"Falling vacancy rates and rising investment volumes are bright spots in Europe’s Logistics market, even as leasing activity remains in the doldrums."

"Savills European Real Estate Logistics Census outlines the challenges and opportunities facing Europe’s logistics occupiers, developers and investors"

"Overall demand in the logistics sector remains sound, but high levels of new supply in recent years have kept vacancies on a rising trend. In addition, many challenges, including global uncertainties, labour shortages, interest rates, and construction costs, have kept many players on their toes. That said, the logistics market is evolving, with strong fundamentals in a longer-term timeframe. In the interim, prime logistics facilities with modern amenities in accessible areas should continue to perform well, although older facilities in less convenient areas are likely to face challenges."