Industrial Rent Survey

Citation

(2002), "Industrial Rent Survey", Property Management, Vol. 20 No. 1. https://doi.org/10.1108/pm.2002.11320aab.013

Industrial Rent Survey

Industrial Rent Survey

The downturn of the telecom sector over recent months has taken the heat out of the property market, according to the Industrial Rent Survey released by Weatherall Green and Smith.

Nigel Rowe, head of industrial business, says that the downturn has seen the market avoid the problems that would have otherwise arisen from traditional industrial and distribution uses being out-spaced by the technology sector.

With the underlying blanket of demand still good, albeit cautious, the supply-demand equation is now well balanced. The withdrawal of the telecomms sector from the industrial market will strengthen the prospects for sustainable growth in rents over the longer term.

The survey confirms that the national distribution sector has continued to be the pace setter, particularly on and around the M25. Both "built to suit" and the larger speculative schemes have attracted early occupier deals and set new rental highs over the last 12 months.

Future rental growth will be determined by a range of factors and, with demand increasingly footloose, not just localised supply.

Nigel continues:

Issues such as specification, roadside profile, office content and lease flexibility will in our view take on increasing importance when it comes to pinning down a value.

For copies of the Industrial Rent Survey please contact Jo Holmes, on 020 7338 4198 or e-mail: Joanna.holmes@weatheralls.co.uk

For information log on to www.weatheralls.co.uk