tritax big box reit plc said wednesday that it has made a positive start to 2022 across all aspects of its business with near record demand levels in the first quarter and successful mitigation of inflation the commercialproperty investor said demand from a range of occupier types rose with 104 million square feet taken up in the first three months of the year roughly doubling on the year prior logistics investment volumes rose 19 on the same period a year prior totaling 25 billion pounds 312 billion around 35 of the companys portfolio is up for rent review in 2022 and tritax said it is well placed to capture attractive levels of rental growth the company said it is responding positively to inflation as it is actively managing open market rent reviews and a significant proportion of inflation leases which coupled with strong occupier demand provide inflation protection we are mitigating much of the construction cost inflation in our nearterm development pipeline through our specialist approach to procurement locking in fixed price building contracts and our ability to pass through increased costs to rents chief executive colin godfrey said