26 OCT 2017
Demand for industrial property space in Wales is significantly outstripping supply, the RICS Commercial Market Survey, Wales, Q3 2017.
Chartered surveyor respondents are reporting increases in occupier demand for industrial space and falling availability. They are also pointing to strong rises in interest from investors to purchase industrial property assets. As a result, both rents and capital values in the sector are expected to keep rising in the three months ahead.
This is contrast to the retail sector, where occupier demand is reported to have been falling, and investor interest flat. As a result, short-term rent and capital value expectations in the retail sector have declined, according to the balance of surveyors.
While there is variation between sectors, overall the commercial property sector in Wales remains stronger than in other UK regions, according to the survey. Like the industrial sector, office continues to perform well, with occupier demand and investor interest rising and expectations for rent and capital values in the three-months ahead still positive.