Swiping right on sheds
If there was a property Tinder then “big beautiful warehouses” would be top of the swipe right lists. Believe or not, sheds are sexy and investors are flocking to get hitched.
A perfect storm of rising demand and reduced supply, combined with an inflated office market and an uncertain retail sector, is pushing up values and making sheds the belle of the investment-ball.
With a 1% rise in capital and rental value in 2016, industrial was the only property sector to see growth, according to the IPD, and South East sheds outperformed all other sectors with annual capital growth of 4.9%. The IPD all industrial equivalent yield is 6.4%, its lowest level since 2007.
Gerry Young at Montagu Evans provides his expert opinion to Estates Gazette in their latest feature HERE
Publication: Estates Gazette