Industrials Reit says rental growth streak looks set to continue
UK-focused owner of multi-let industrial estates books sixth successive quarter of rental upliftment above 20% in three months to end-March quarter
29 April 2022 - 09:13
UK-focused Industrials Reit says it is still benefiting from constrained supply of multi-let industrial (MLI) estates, with the three months to end-March marking its sixth successive quarter of rental uplift above 20% on renewal or new letting.
With Industrials inking multiyear rental agreements that often do not include yearly increases, this represents an increase of about 5% on an annual basis, CEO Paul Arenson told Business Day, with no signs of demand letting up as the UK property market braces for rising interest rates to combat surging inflation...
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