Well, seen as though you liked reading Chris Donabie's 2024 predictions for the investment market...we now bring you Keith Stewart and his thoughts on what will happen in the industrial market this year...
Come on Keith, tell us...
“We should see continued low vacancy rates despite a more subdued occupier demand. We have clients who’ve had great success moving rents upwards following refurbishments.
“Rental growth will be more tempered in 2024 than it has been in 2023 but this follows years of strong performance.
“Prime assets where there is limited supply are expected to still see growth, as well as secondary refurbished stock.
"Where landlords are not prepared to invest in refurbishment, they cannot expect to continue to ride the crest of the rental-rate-expansion wave - as they have done in recent years.
“Landlords refurbishing buildings can expect to reap the rewards of improved green credentials of their buildings. Investors are mindful of requirements for improvements to energy performance ratings of their properties over the coming years and the savvy ones will take action in the coming year.”
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