The Southampton and South Coast industrial and logistics market has delivered a strong performance in H1, according to figures by global real estate advisor CBRE.

CBRE Southampton let a total of 320,000 sq ft of space in eight transactions across the region, which included Yunex Traffic taking 160,000 sq ft of space at Bournemouth Airport, the largest letting on the South Coast so far this year. The site will serve as Yunex’s UK headquarters after it relocated from an existing site in Poole.

Other key transactions included two units at Sonar in Portsmouth at a combined 30,196 sq ft, which were taken by global engineering and infrastructure firms and brought the development to 60% occupancy, while 37,000 sq ft was also let at Penta Park and 28,000 ft2 at Proxima Park (Phase 1), which took both estates to full occupancy.

Southampton’s positive figures mirror the progress seen across the wider South East region, where H1 take-up was 1.2m sq ft. A further 615,000 sq ft of space was under offer in the region at the end of Q2, a 61% increase quarter-on-quarter.*

Nick Tutton, Director at CBRE Southampton, said: “We’ve seen a healthy amount of activity in the first half of the year which demonstrates resilient occupier demand and whilst vacancy rates have increased across most regions over the previous quarters, we are anticipating the limited development pipeline and sustained take-up levels on the South Coast will cause vacancy rates to fall during the rest of 2026.”

CBRE’s UK Real Estate Market Outlook Midyear Review is available here.

Building, Design & Construction Magazine | The Choice of Industry Professionals