The well-publicised shortage of Grade A units has been a key factor in the industrial property market in Wales over the past five years.
But the lack of available Grade A industrial property has been exacerbated by the surge in demand for larger units following the Covid pandemic, property consultancy Knight Frank has said.
It's a problem which has accelerated dramatically in the last two years, due to the Covid-driven switch to online retailing which has led to companies wanting larger units for warehousing and distribution for e-commerce.
