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Construction Boom Drives Growth in Wales’s Semiconductor Valley

Development Starts Rise in Welsh City
KLA building, North Lane Drive, Newport. (CoStar)
KLA building, North Lane Drive, Newport. (CoStar)
CoStar Analytics
March 21, 2024 | 9:35 AM

Newport’s office inventory is set to rise by more than 11% over the next three years as demand from the semiconductor industry spurs construction activity. Its stock in the sector totals 4.6 million square feet but is expected to break the 5 million-square-foot barrier within the next three years.

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