Occupier MarketThe occupier market has slowed with take-up back to pre-pandemic levels and supply constant, leading to a fall in net absorption.
Pre-letting RateThe reduced rate of pre-letting compared to prior years is attributed to slower customer decision-making.
Tariffs And Market ConditionsAlthough the imminent threat of tariffs has receded, it nevertheless remains in some form, and combined with the general softening in the occupier markets, it is unlikely that SEGRO shares will outperform.