A “shrinking availability” of larger warehouses and firms’ perusal of greener operations is causing demand in the South West industrial and logistics commercial property market, analysis has found.
Despite an uncertain outlook for real estate and the wider economy, the resilience of the regional market has “held firm” according to Avison Young.
A total of 36 deals for units were completed in Bristol during the third quarter. The report found these transactions mostly consisted of multi-let properties and a handful of smaller mid-boxes, with only three deals for units of more than 50,000 sq ft.
