Global real estate firm, CBRE, has revealed that the industrial sector has remained the strongest of the UK’s markets, bringing in nearly 2% rent increases in Q4.
Revealed as part of CBRE’s latest Prime Rent and Yield Monitor, figures showed that the industrial sector in Q4 2019 was stronger than the retail and office sectors, out-performing them for the thirteenth consecutive quarter.
Pol Marfà Miró, Senior Research Analyst at CBRE UK, said: “Robust occupational market fundamentals ensured that Industrials ended the year strongly. Most investors decided to hold their assets and continue benefiting from high levels of rental growth and healthy pricing”.
Rents rose in the Office sector by 0.6% (Q4) and 2.6% annually. Prime rents for Retail fell considerably across the board, with a staggering -6.5% in the Retail Warehouses sector, while Retail Warehouses also suffered a -22.5% depreciation in Year on Year capital value growth.