Yorkshire’s retail warehouse market is said to be showing signs of “resilience and opportunity”.

According to new research from Savills, the region accounted for 9.6 per cent of all new UK lettings in 2024 and is on track for another strong year.

So far in 2025, Yorkshire has recorded 36 new lettings, making up 6.8 per cent of the UK total of 533.

Ian Hare, director of out-of-town retail at Savills in Leeds, said: “Yorkshire’s retail warehouse market continues to attract strong interest from value-focused and essential retailers.

“While vacancy rates are slightly above the national average at 5.2 per cent, this still reflects a relatively tight market and signals room for further growth.”

The most active brands in the region this year include The Range and PureGym, each securing four units, followed by IKEA and Next with two units each.

Sam Arrowsmith, director of research at Savills, added: “The Yorkshire market is a prime example of how constrained supply and sustained demand are driving rental growth in out-of-town retail.

“With vacancy rates still low and several major towns falling below the national supply benchmark, we expect continued upward pressure on rents.”

Harrogate, Halifax, and Leeds are among the key under-supplied areas identified in the report.