Annual take-up of warehouses in the UK as of Q1 2024, by sector
Third-party logistics (3PL) and distribution real estate was the most popular industrial real estate type in the UK in 2023. As of the first quarter of 2024, 3PL and distribution centers accounted for almost 36 percent of the total space sold or leased. Manufacturing ranked second, with about 28 percent of take-up in that period.