Demand in the industrial property market has been strengthening since 2012. In 2016, cash terms GVA in the manufacturing sector amounted to £12.7 billion, up 5% on the previous year. Rents continue to rise and the development market is responding with a number of active projects. Units below 929sq.m. are in particularly strong demand and larger units (4,645 sq.m +) are becoming more active with lettings progressing on a good proportion of what remains of the limited larger industrial stock available. (Source: Ryden)
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