Demand continues to outstrip supply across the Mid Sussex Industrial Market

Rents continue to rise due to demand significantly outweighing supply across the Mid Sussex industrial market, according to SHW's Q1 2023 South East Industrial Focus.

Tim Hardwicke, SHW's Partner and Head of Agency, comments: "On the whole, 2022 saw a good level of take up across all size ranges, with lower take levels generally in locations where availability of good quality stock is restricted.

The vacancy rate in Burgess Hill and Haywards Heath remains low at 2.9%. A healthy take up was recorded, with 128,000 sq ft let in 2022 (134,000 sq ft in 2021). With extremely high demand totalling 1.76 million sq ft in 2022 and availability standing at 65,500 sq ft, rents should edge up from the £13.25 per sq ft recorded in 2022 for the right properties and newbuild schemes are likely to see £16-17.00 per sq ft in the future. Of the total 109,500 sq ft built at Sussex Junction, Burgess Hill, just one self-contained unit of £46,500 sq ft remains available at £14.50, accounting for more than half the total availability in the area and there is good occupier interest being shown.