Industrial land prices rose by 8% over the past six months while rental values rose by 3.8%, according to the latest bi-annual report from Knight Frank.
Dan Cowton, associate at Knight Frank Research, said: “Industrial property was the best performing property class in 1999.
“However, with manufacturing activity continuing to lag in the economy as a whole, distribution requirements have recently driven investment requirements.”
The report reveals that prime land values across the United Kingdom rose by 8% over the past six months compared to a rise of 4.7 % over the preceding six months.
But the rises mask huge regional variations, with values in the South East increasing by 19.7 % and by 7.2% and 4.7% in the Midlands and North West respectively since September 1999.
Growth in prime headline rental has been less marked though at 3.8%.
EGi News 4/5/00
