Take up of Welsh industrial property across south Wales had a slower start in the first quarter of 2022 compared to positive activity seen in North Wales, according to the latest research from property consultancy Knight Frank.
The five transactions for property over 50,000 sq ft in size in Q1 totalled 326,000 sq ft — down from 492,000 sq ft in Q1 2021 — with four freehold deals and one leasehold.
Neil Francis, head of logistics and industrial at Knight Frank in Cardiff, said: “Encouragingly, three of the five deals were for property in North Wales. In South Wales, it was a slower start than last year as the ongoing high demand continued to reduce availability.
