Lack of warehousing in Scotland sees rents soar three times the UK average

Warehouse
 

Lack of warehouse building activity in Scotland has seen rents for 10-50,000ft² warehouses in Scotland grow three times faster year-on-year than the UK average. According to commercial property firm Colliers International, the lack of warehousing was hampering growth in the retail distribution sector. Prices for prime industrial space rose on average 7.7% in the 12 months to July 2017, compared to a rise of 2.3% in the UK as a whole, to the current Scotland average of £7.59 per ft². This […]