Industrial Sector Remains Star Performer In Scotland

Posted on: 5 August 2021

Industrial Sector Remains Star Performer In Scotland

Scotland’s industrial sector continued its strong run into mid-2021 as second-quarter take-up hit its highest quarterly total in nearly five years, according to CoStar’s latest Scotland industrial review.

The country’s vacancy rate is again trending downwards, owing to positive net absorption, few deliveries and demolitions of obsolete stock. Rent growth is accelerating as a result.

Such market dynamics have drawn a response from developers and more speculative construction is on the way, albeit on a relatively limited scale. CoStar’s Base Case forecast scenario expects the market to easily digest the new supply.

Investor sentiment towards the industrial sector is at an all-time high. Scotland’s broadening buyer pool and recent price movement are indicative of the weight of capital chasing warehouse assets. Transaction activity continues to be limited by a lack of suitable opportunities, however.

This report and image were supplied by CoStar.

View Bowman Rebecchi properties on CoStar.

Share:


Recent Articles

28 March 2024

Scotland's Billionaire Brothers Tear Apart Snp/Greens For Wasting Tax Payers Money

James and Sandy Easdale own McGill's Group, which run buses across the central belt, and launched a blistering attack on the SNP for supporting the costly measure of nationalising Glasgow's bus service. Two of Scotland's most successful entrepreneurs have launched an excoriating attack on...

27 March 2024

Offer Accepted For Long-Standing Greenock Laundrette

An offer has been accepted for the freehold of this long-standing community launderette on Murdieston Street in Greenock. The subjects are centrally located, with excellent visibility, gas and electric supplies and three-phase power. Set on the ground floor, the property is accessed from...

25 March 2024

Unique East Kilbride Dark Kitchen Leasehold Available

A rare opportunity to purchase the leasehold of a 'Dark Kitchen' facility and business in East Kilbride is available through Bowman Rebecchi. Based within College Milton Industrial Estate, CloudQitchens is an impressive and professional food hub used for the preparation of food for...

valuation

Get an Commercial Property valuation

Find out how much your property is worth