The appetite for investment product in Edinburgh and Glasgow has remained ‘insatiable’ despite a severe lack of supply, according to property agent Knight Frank’s latest annual M8 Corridor Report. Both the Edinburgh and Glasgow investment markets have remained buoyant over the past year, says the report, with more than £520M being transacted in the M8 corridor in both the office and industrial markets.
The report says that the M8 industrial letting markets have generally remained buoyant, driven by the historically low levels of borrowing and the consequent demand from owner occupiers.
Other key findings include:-
Multi-let industrial estates will continue to be in high demand.
A shortage of supply of good quality space is anticipated in Edinburgh city centre.
Feuhold requirements will become more common as occupiers identify the benefits of low interest rates.
Glasgow industrial markets will remain strong and more development is likely over the next twelve months.