"I&L take-up in 2024 reached 28m sq ft, 7% above pre-Covid. Vacancy rates remain high, speculative development slowed, and ESG refurbishments increased, while power supply issues and rising labour costs challenge build programmes"

"Market conditions are set fair, indicating early-stage recovery; however, US policy on tariffs sees a moment of reflection from both buyers and sellers"

"Market conditions viewed as slightly improved, but occupiers continue to face diverse and evolving operational challenges"

"Drivers of demand are multifactorial. Business growth is important, but is not the whole story"

"Supply chain evolution ongoing – with technological adoption, ESG, and power availability at the forefront"

"Investors cautiously optimistic, and well-aligned with occupiers"

"Developers optimistic and remain focused on power availability and ongoing supply-side barriers"