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Analysis

London’s industrial vacancy rate rises to a 15-year high, but pockets of outperformance emerge

Demand remains weak and rent growth is slowing but some parts of the market are faring well
CoStar Analytics
March 11, 2026 | 11:35 AM

Industrial occupier market conditions continue to weaken across Greater London, with vacancies rising to a 15-year high and rent growth slowing, but there are reasons to be positive in some parts of the market that could open mispricing opportunities for investors willing to re-engage.

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News | London’s industrial vacancy rate rises to a 15-year high, but pockets of outperformance emerge