The UK's industrial hotspot lies to the south and west ofLondon, with all three of the highest-rented locations falling inthis area. The highest prime industrial rent achieved in the UK isin Slough, Berkshire at £10 ($14.10) per sf, followed by Woking andGuildford in Surrey, both with prime rents of £9.75 ($13.75) persf.

According to Naomi Couchman of JLL's UK research team, primeindustrial centres have experienced varying levels of rentalgrowth. 'Occupier demand has dropped slightly,' she says. 'Inparticular, the telecommunications sector has virtually withdrawnfrom the market. The more traditional occupier base ofdistribution, storage and light manufacturing uses have, however,remained steady.'

Couchman says that economic uncertainty in the US had notdetrimentally affected the industrial market to date, although itremains to be seen whether this situation will continue for thenext six months.

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