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Economic Downturn Fails to Dent Industrial Rents

LONDON-Industrial rents across the UK have held up despite the economic slowdown, according to new research from ATIS Real Weatheralls. A shortage of stock is helping to underpin rents.

By Graham Parker | Updated on February 08, 2002

LONDON-The UK industrial market’s lack of supply has helped prevent a dramatic downturn in the sector despite the manufacturing recession, according to the latest industrial rent survey from ATIS Real Weatheralls.

The report notes that the slowdown if the economy during the second half of 2001 has resulted in reduced enquiry levels, but it finds no evidence that agreed deals are falling through or that occupiers are withdrawing from the market en masse. Nigel Rowe, ATIS Weatheralls’ head of industrial property said: ‘The limited supply of new and second-hand property remains the principal industrial market driver. As a result, we expect rental levels to be maintained within a stable and balanced market. However, where availability of existing buildings is more extensive, then the weakening demand profile will result in greater restrictions on growth.’

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