News: 6 May 2019Plans point to booming Yorkshire industrial property market

More than 200 industrial and logistics schemes are planned for Yorkshire and the Humber – showing investors’ confidence in the region.

Research undertaken by our team shows an estimated 203 industrial schemes, worth around £10.2bn, are in the pipeline. Analysis of industry data shows the schemes are at various stages of the planning process and include buildings for a variety of uses – from manufacturing and warehousing to workshops and research centres.

Planning Director Claire Kent said: “Our research shows a significant number of industrial schemes planned for Yorkshire, across a variety of industries and local authority areas.

“It demonstrates the strength of confidence in Yorkshire, and the Northern Powerhouse, as a location for growing industrial operators.

“A lack of high quality industrial and logistics space across the country has been caused by a decade of under investment, and now Yorkshire can benefit from the accumulated demand by providing the space that companies need.

“We can encourage further schemes by investing in transport and infrastructure and offering incentives to developers. In doing so we’ll attract further investment to Yorkshire.”

Our research highlighted planning submissions across the county, with concentrations in the East Riding of Yorkshire, Hull and Sheffield. It comes on the back of renewed confidence in the Yorkshire speculative warehouse market, noted by property agents Knight Frank in an earlier report.

Claire added: “This research shows us there is wider reason for optimism in the Yorkshire economy – because there is both demand and investment.

“There were record levels of take-up of industrial property throughout 2018 in Yorkshire, putting further pressure on supply.

“Our clients are helping to alleviate that supply constraint.

“We’re working on a number of high profile schemes across Yorkshire, including the former Kellingley Colliery where developer Harworth Group plans to provide 1.45 million sq ft of manufacturing and distribution space and Gateway 45 in Leeds which has planning consent for up to 2.96 million sq ft of industrial development.”

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