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Swindon industrial take-up below average

The South West commercial property market is expected to bounce back in 2024 after a subdued performance during most of 2023, according to the annual Market Monitor from Alder King.

After several years of above-average take-up, property occupiers, investors and developers responded to the unsettled economic conditions of the past 18 months by taking a more cautious and considered approach to their property decisions in 2023, says the report.

Industrial take-up in the Swindon area for 2023 was significantly below the average, with only one transaction over 50,000 sq ft taking place at Cheney Manor to Cinch Self Storage.