Abstract
Strong retail warehouse rental growth and investment return performance has been evident for much of the last decade. Currently, retail warehouse rental growth is higher than for any other sector and retail warehouse net investment is exceptionally strong. This paper examines the underlying causes of such strong performance both in terms of demand and supply. It looks at forecasts for key economic demand variables over the next few years and how that will affect rental growth and investment returns. This paper is an edited and updated version of a paper given at a Henry Stewart Conference in March 2003, ‘Maintaining and Increasing Values in Out of Town Retail’.
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