The North West industrial market saw mixed results in the first half of 2024. According to Place North West, there were both positive and negative trends in the region’s industrial sector during this period. While some areas experienced growth and increased demand for industrial space, others faced challenges such as high vacancy rates and slowing leasing activity.
Overall, the industrial market in the North West showed signs of resilience despite the mixed results. Some submarkets performed well and saw strong leasing activity, while others struggled to attract tenants. Industrial properties in prime locations continued to be in high demand, while secondary markets faced more difficulties.
Experts are optimistic about the future of the North West industrial market, noting that the region’s strong fundamentals and diverse economy will help drive growth in the coming months. However, they also acknowledge the challenges that some submarkets are facing and the need for continued monitoring and adaptation to changing market conditions.
The first half of 2024 brought a range of outcomes for the North West industrial market, with both positive and negative trends shaping the region’s industrial sector. As the year progresses, stakeholders will be closely watching how these trends evolve and impact the overall performance of the market.