Take-up

For prime mid-box units in the West Midlands, transactional activity in 2026 YTD totalled 1.13 million sq ft across 21 transactions, down 7% year-on-year, but take-up in Q3 2026 is up 11% on the pre-pandemic Q3 average of 295,000 sq ft. Across the size bands, units between 20,000–40,000 sq ft accounted for 11% of take-up, 40,000–60,000 sq ft accounted for 33%, 60,000–80,000 sq ft accounted for 24%, and 80,000–100,000 sq ft accounted for 32%.

Occupier Sector Take-up

There is a diverse range of occupiers taking space, with manufacturing-related occupiers accounting for 49%. This is followed by third-party logistics accounting for 28% and wholesalers accounting for 13%.

Supply

The current availability stands at 1.58 million sq ft across 31 units. This has decreased by 5% quarter-on-quarter but is up by 10% year-on-year. The majority of available space is for units between 40,000–60,000 sq ft.

By size band for units between 20,000–40,000 sq ft, available supply totals 265,000 sq ft, followed by units between 40,000–60,000 sq ft at 778,000 sq ft, 60,000–80,000 sq ft at 380,000 sq ft and 80,000–100,000 sq ft at 162,000 sq ft.

Speculative Pipeline

There is 1.15 million sq ft currently under construction across 25 units. There is 474,000 sq ft between 20,000–40,000 sq ft, 135,000 sq ft between 40,000–60,000 sq ft, 274,000 sq ft between 60,000–80,000 sq ft and 269,000 sq ft between 80,000–100,000 sq ft.

In Q3 2026, there were 89,000 sq ft of speculative announcements and 45,000 sq ft of speculative completions.

Years of Supply

Across the West Midlands, there is 0.96 years of supply based on the three-year average annual take-up. By size band, there are 0.43 years of supply in the 20,000–40,000 sq ft range, 1.30 years of supply in the 40,000–60,000 sq ft range, 1.09 years in the 60,000–80,000 sq ft range and 1.81 years of supply in the 80,000–100,000 sq ft range.

Quoting Rents

The prime quoting rent for the West Midlands has stayed stable, standing at £14.00 psf.

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