Single-digit vacancy rates define rapidly evolving North America and U.K. industrial sectors – Avison Young releases its Spring 2017 North America and U.K. Industrial Market Report

The industrial property sector continues to be characterised by sound fundamentals, irrespective of geography and geopolitical and economic conditions. Record-low or near-record-low vacancy rates, owing to robust demand, are placing upward pressure on rental rates. Development costs are also on the rise, due to dwindling land supply in some markets. Meanwhile, developers strive to deliver modern product to meet evolving tenant demand – increasingly driven by the retail sector and its goal to feed today’s insatiable consumer appetite.

Click here to read the global forecast in full, or to go directly to the pages relevant to the UK.