Research from Trevor Wood Associates confirms that since the end of 2024, with even less development taking place, second-hand supply has meant the vacancy rate of Open A1 non-food units has dropped to 6.3% from 6.6%. A further 3.6 million sq. ft.  of space is currently under offer with another 881,000 sq. ft. earmarked for redevelopment, meaning the percentage of space actually available to let is as low as 3.8%.